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4347 Stetson View San Antonio, TX 78223

4 Beds 3 Baths 1,920 sqft Built 2011

$193,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $100.52
  • 3 Days on Market
  • MLS # : 1504114
  • Updated Date : 01/15/2021 at 21:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Boerne

Listing Agent's Description

This beautiful home sits on a wonderful corner lot with a spacious backyard. Home has open floorplan and is well kept and ready for a new owner! You will love the gorgeous kitchen with 42" cabinets and the smooth granite countertops along with the other fine finishes in this spacious floorplan! Be sure to check out the park with playground. Property is close to Braunig Lake for outdoor fun as well!

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: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Heritage South

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
Highland Forest Elementary School Primary Regular 526 34 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Highland Forest Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 34
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$173,700$212,300$193,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$670
Property Tax -$431
Property Insurance -$138
HOA -$44
Property Management Fees -$99
CASH FLOW
$68

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.

$193,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.5%
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

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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,895

INVESTMENT

$56,895

Down Payment
$48,250
Rehab Estimate
$5,750
Closing Costs
$2,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$670

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,250
Loan Amount $144,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$6,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3454$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4347 Stetson View San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 4319 Stetson Run San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2008
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.68
    •  
  • 4318 Stetson Run San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2010
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.63
    •  
  • 4330 Stetson View San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2009
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.85
    •  
  • 4430 Stetson Run San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2009
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dallas Pipes
1.210.906.9315
Keller Williams Boerne
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504114
Last Updated: 01/15/2021
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