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409 Groff Ave San Antonio, TX 78237

3 Beds 2 Baths 1,105 sqft Built 2020

$149,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $134.84
  • 4 Days on Market
  • MLS # : 1505336
  • Updated Date : 01/21/2021 at 23:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,105 sqft
  • Baths : 2 full
Listing Agent

Century 21 Northside

Listing Agent's Description

New Construction Home 85% Complete! Appliances include: Refrigerator, Dishwasher, garbage disposal, microwave, and stove! Conveniently close to St. Mary's University.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Central City

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $52k204k

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

Neighborhood: Central City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6491456

* 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
Loma Park Elementary School Primary Regular 816 45 4
Gus Garcia Middle School Middle Regular 489 34 2
Memorial High School High Regular 1,248 78 3

Loma Park Elementary School

  • Education Level: Primary
  • # of students: 816
  • # of teachers: 45
4
GreatSchools Rating

Gus Garcia Middle School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 34
2
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students: 1,248
  • # of teachers: 78
3
GreatSchools Rating
 

$134,100$163,900$149,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$518
Property Tax -$333
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$149,000

PROJECTED PRICE

$990

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$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$41,485

INVESTMENT

$41,485

Down Payment
$37,250
Rehab Estimate
$2,000
Closing Costs
$2,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,250
Loan Amount $111,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $987

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,1003$1,1504$1,175
$1,175
RENT COMPS ANALYSIS
  • 409 Groff Ave San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.90
    •  
  • 136 Ardmore St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 826 Absolon Farm San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2007
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 410 Alice Fay Ave San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lisa Morales
1.210.264.6387
Century 21 Northside
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505336
Last Updated: 01/21/2021
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