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4031 Adair Bluff San Antonio, TX 78223

5 Beds 3 Baths 2,390 sqft Built 2008

$249,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $104.56
  • 3 Days on Market
  • MLS # : 1511098
  • Updated Date : 02/26/2021 at 16:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,390 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this rare 5 bed beauty in Highland Heights, this home has it all! This home has been refreshed with new interior paint and new carpet. The open kitchen features updated granite slab countertops, upgraded cabinetry, an island for extra prep and storage and stainless steel appliances. The primary bedroom is on the main floor for added privacy. All other bedrooms, another full bathroom, and a loft are located on the second floor. The backyard boasts an amazing deck with great views, perfect for entertaining. Vacant and ready for viewing, come see!

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: 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
Schenck Elementary School Primary Regular 657 41 3
Rogers Middle School Middle Regular 574 35 1
Highlands High School High Magnet 1,661 102 1

Schenck Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 41
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$165
HOA -$17
Property Management Fees -$99
CASH FLOW
$234

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.

$249,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.78%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$20,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,008

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8453$1,9254$1,9405$1,995
$1,995
RENT COMPS ANALYSIS
  • 4031 Adair Bluff San Antonio, TX 4
    • 5 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,390 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.81
    •  
  • 4026 Bear Oak Path San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2004
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.74
    •  
  • 4002 Bur Oak Path San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2005
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.87
    •  
  • 3835 Otono San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2007
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.84
    •  
  • 3810 Bosque Seco San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 2003
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Robert Jones
1.210.405.1783
Offerpad
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511098
Last Updated: 02/26/2021
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