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4059 Fire Sun San Antonio, TX 78244

3 Beds 2 Baths 1,372 sqft Built 1983

$159,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $116.55
  • 3 Days on Market
  • MLS # : 1495117
  • Updated Date : 11/14/2020 at 06:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Icon Realty

Listing Agent's Description

Move-in ready home. New paint inside and outside. New exterior siding. All new double pane windows including new patio door. New roof 2019. New air conditioner compressor 2019. Close to IH-10, Walmart, HEB. Finished garage. All new laminate flooring. New privacy fence 2019. Ceiling fans in all bedrooms and living room. New plumbing fixtures throughout. New garage door opener. New stove, hot water heater, and dishwasher 2019.

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: Sunrise

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Candlewood Elementary School Primary Regular 670 49 2
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Candlewood Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 49
2
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$143,910$175,890$159,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
-$62

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.

$159,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,094

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,015
1$1,0152$1,0903$1,1004$1,1955$1,195
$1,195
RENT COMPS ANALYSIS
  • 4059 Fire Sun San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.79
    •  
  • 4046 Indian Sunrise San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1983
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,015
    • $0.77
    •  
  • 4030 Winter Sunrise Dr San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1986
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.80
    •  
  • 4022 Sunrise Creek Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1984
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 4439 Misty Springs Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 1996
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.80
    •  
PROPERTY LISTING DETAILS
Ruiqin Mayfield
1.210.269.1177
Icon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495117
Last Updated: 11/14/2020
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