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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
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
-
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
1.210.668.2503
Century 21 Scott Myers,realtor
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1512796
Last Updated: 03/06/2021
