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434 Resurrection San Antonio, TX 78227

3 Beds 2 Baths 1,105 sqft Built 2004

$145,900

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $132.04
  • 2 Days on Market
  • MLS # : 1496349
  • Updated Date : 11/21/2020 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,105 sqft
  • Baths : 2 full
Listing Agent

Real Estate Union

Listing Agent's Description

This beautiful and cozy One story home is move-in ready. This home offers an open and airy space between the kitchen and dining area, the back yard is large enough for outdoor social gatherings, and the Master bedroom has 2 walk-in closets. The nice open kitchen has a large pantry with granite countertops. Please! Wear a face mask when viewing. Minutes from Sea World, Fiesta Texas, Alamo Ranch shopping center, Lackland AFB, Hwy 90, Hwy 151, Ih-10, Loop 410, & Loop 1604.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Passmore Elementary School Primary Regular 590 42 5
Jones Middle School Middle Regular 1,224 83 3
John Jay High School High Regular 2,929 182 3

Passmore Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 42
5
GreatSchools Rating

Jones Middle School

  • Education Level: Middle
  • # of students: 1,224
  • # of teachers: 83
3
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$131,310$160,490$145,900

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$538
Property Tax -$326
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$24

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.

$145,900

PROJECTED PRICE

$1,030

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,414

INVESTMENT

$44,414

Down Payment
$36,475
Rehab Estimate
$5,750
Closing Costs
$2,189

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$538

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,475
Loan Amount $109,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$3,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,025

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,030
1$1,0302$1,1903$1,2004$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 434 Resurrection San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.93
    •  
  • 6829 Betty Levy San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.95
    •  
  • 1902 White Magnolia San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 2001
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
  • 7935 Meadow Star San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 723 Eagle Trail San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Luis Alonso
1.210.863.3758
Real Estate Union
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496349
Last Updated: 11/21/2020
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