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402 Tiger Hills San Antonio, TX 78251

4 Beds 3 Baths 2,424 sqft Built 2003

$224,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $92.41
  • 4 Days on Market
  • MLS # : 1510926
  • Updated Date : 02/27/2021 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Welcome home! Come tour this well maintained, move in ready gem located in the Sierra Springs subdivision. With plenty of space, a large kitchen, and a gorgeous back patio perfect for those Texas BBQ's, this is the one!

SEE MORE

MARKET HIGHLIGHTS

  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).

PRICE & RENT TRENDS

Neighborhood: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7891472

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Lewis Elementary School Primary Regular 794 51 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 51
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$201,600$246,400$224,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$778
Property Tax -$500
Property Insurance -$167
HOA -$57
Property Management Fees -$99
CASH FLOW
-$111

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$224,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,110

INVESTMENT

$65,110

Down Payment
$56,000
Rehab Estimate
$5,750
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,000
Loan Amount $168,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$948

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,490

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5503$1,5754$1,5755$1,700
$1,700
RENT COMPS ANALYSIS
  • 402 Tiger Hills San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.61
    •  
  • 643 Coral Harbor San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 419 Tiger Hills San Antonio, TX 3
    • 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,277 Sqft ∙ Built 2002
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.69
    •  
  • 538 Rattler Bluff San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2004
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.67
    •  
  • 1131 Lion Way San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2001
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
PROPERTY LISTING DETAILS
Lisa Lopez
1.210.883.4578
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510926
Last Updated: 02/27/2021
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