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

4311 Lakeway Dr San Antonio, TX 78244

5 Beds 4 Baths 2,675 sqft Built 2006

$241,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $90.09
  • 6 Days on Market
  • MLS # : 1515940
  • Updated Date : 03/24/2021 at 00:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,675 sqft
  • Baths : 3 full , 1 half
Listing Agent

Home Team Of America

Listing Agent's Description

Flexible five bedrooms with three full baths plus powder bath. Dual master bedrooms with walk-in closets. Recently installed ceramic floors on the first level, all baths and laundry. New carpet installed on stair and second floor. Good access to supermarkets, shopping, restaurants and medical facilities. This is a versatile floor plan worth looking at before making a final decision.

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: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
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
 

$216,900$265,100$241,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$837
Property Tax -$538
Property Insurance -$181
HOA -$18
Property Management Fees -$99
CASH FLOW
-$54

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.

$241,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
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$700k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,615

INVESTMENT

$69,615

Down Payment
$60,250
Rehab Estimate
$5,750
Closing Costs
$3,615

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,250
Loan Amount $180,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6953$1,7254$1,7305$1,795
$1,795
RENT COMPS ANALYSIS
  • 4311 Lakeway Dr San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.61
    •  
  • 6943 Shelbyville Ct San Antonio, TX 2
    • 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2005
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 6739 Foster Fields Converse, TX 3
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2011
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.65
    •  
  • 6832 Timberlake Run San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,676 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,676 Sqft ∙ Built 2003
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.65
    •  
  • 6610 Foster Fields Converse, TX 5
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
PROPERTY LISTING DETAILS
Carlos Pumarol
1.210.823.0125
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515940
Last Updated: 03/24/2021
BESbswy