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4327 Safe Harbor San Antonio, TX 78244

3 Beds 2 Baths 1,354 sqft Built 2014

$185,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $136.63
  • 2 Days on Market
  • MLS # : 1503162
  • Updated Date : 01/09/2021 at 20:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,354 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Like new move in ready 3/2/2 with office features new interior paint throughout, new carpet throughout, new stove, new toilets. Kitchen has breakfast bar and pendant lights, which were upgrade options. One owner home. New roof in 2015 with ridge vents. Office offers 2 co-ax cable ports for modem, Cat 6 wiring, and 4 phone lines...perfect for home office and those working from home. Living room is wired for AT&T and has conduit in the wall for surround sound. Separate master with walk-in closet, ceiling fan and master bath w/double vanity. Home backs up to the school, so you'll never have neighbors behind you. Solar panels convey. USDA zero down eligible. Shopping and dining is 8 minutes away.

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: Estates - Mission Hills

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Estates - Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8231489

* 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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$643
Property Tax -$413
Property Insurance -$105
HOA -$15
Property Management Fees -$99
CASH FLOW
$25

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$185,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$5,421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,148

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2993$1,3004$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 4327 Safe Harbor San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 4434 Rothberger Way San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2006
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.81
    •  
  • 7715 Shining Glow San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2006
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.84
    •  
  • 4706 Pinto Crk San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2007
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 4626 Rothberger Way San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2006
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
PROPERTY LISTING DETAILS
Dawnette Ham
1.210.391.5160
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503162
Last Updated: 01/09/2021
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