Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4127 Espada Fls San Antonio, TX 78222

5 Beds 3 Baths 2,536 sqft Built 2019

$240,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $94.64
  • 2 Days on Market
  • MLS # : 1512796
  • Updated Date : 03/06/2021 at 23:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,536 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Scott Myers,realtor

Listing Agent's Description

Come look at me. This ALMOST new, 1 owner, 5 bedroom, 2.5 bathroom home with huge rooms, updated kitchen, NEW luxury vinyl floors, and a manicured lawn of Carpetgrass. I still qualify for the builder warranty too. I'm setup for entertaining and having friends over but I can fit whatever needs you may have with all my square footage. Need to work from home? No problem finding a room to use. I'm on a Greenbelt too so no there's backyard neighbors. Great privacy. Make me your new home and take good care of me like my present owners did. I look forward to WELCOMING you home everyday too. Thanks.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6621456

* 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
Sinclair Elementary School Primary Regular 618 38 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$173
HOA -$25
Property Management Fees -$99
CASH FLOW
-$7

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.

$240,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.3%
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$500k$600k

PROJECTED ANNUAL CASH FLOW

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

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6603$1,7504$1,7955$1,830
$1,830
RENT COMPS ANALYSIS
  • 4127 Espada Fls San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,536 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,536 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.65
    •  
  • 3542 Glacier Lk San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 5507 Azurite Trail San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 3903 Medina Branch San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
  • 6031 Tanzanite Rim San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.74
    •  
PROPERTY LISTING DETAILS
Mark Dreves
1.210.668.2503
Century 21 Scott Myers,realtor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512796
Last Updated: 03/06/2021
BESbswy