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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$44,414
LOAN DETAILS
$538
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $36,475 |
| Loan Amount | $109,425 |
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
-
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
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- $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
1.210.863.3758
Real Estate Union
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1496349
Last Updated: 11/21/2020
