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4023 Hallie Ave San Antonio, TX 78210

3 Beds 2 Baths 1,125 sqft Built 1987

$142,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $126.22
  • 5 Days on Market
  • MLS # : 1494608
  • Updated Date : 11/12/2020 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,125 sqft
  • Baths : 2 full
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Beautiful brick home located a few minutes from downtown and The Pearl. This home is in great condition and move in ready. Owner had this home build, so only one owner. New HVAC installed and water heater. Great starter home in a cul-de-sac. Large tree with great shade and big storage room with a large fenced in lot.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $60k204k

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5371456

* 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
Highland Hills Elementary School Primary Regular 674 34 3
Rogers Middle School Middle Regular 574 35 1
Highlands High School High Magnet 1,661 102 1

Highland Hills Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 34
3
GreatSchools Rating

Rogers Middle School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 35
1
GreatSchools Rating

Highlands High School

  • Education Level: High
  • # of students: 1,661
  • # of teachers: 102
1
GreatSchools Rating
 

$127,800$156,200$142,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$524
Property Tax -$317
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
$168

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$142,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$43,380

INVESTMENT

$43,380

Down Payment
$35,500
Rehab Estimate
$5,750
Closing Costs
$2,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$524

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $35,500
Loan Amount $106,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$17,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,207

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0503$1,2004$1,2955$1,400
$1,400
RENT COMPS ANALYSIS
  • 4023 Hallie Ave San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 1719 E Highland Blvd San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 2004
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.99
    •  
  • 2121 Mckinley Ave San Antonio, TX 2
    • 3 beds 1 baths ∙ 880 Sqft ∙ Built 1967 3 beds 1 baths ∙ 880 Sqft ∙ Built 1967
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.19
    •  
  • 2951 Anza St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1969
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.10
    •  
  • 112 Yucca St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1995
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
PROPERTY LISTING DETAILS
Liliana Padilla
1.210.415.2657
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494608
Last Updated: 11/12/2020
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