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4406 Ashbel San Antonio, TX 78223

3 Beds 2 Baths 1,866 sqft Built 2012

$239,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $128.08
  • 3 Days on Market
  • MLS # : 1511085
  • Updated Date : 02/26/2021 at 15:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,866 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Come home to this charming one story retreat nestled in sought after Republic Oaks Community! This easy flowing floorplan offers 3 bedrooms, 2 full baths, STUDY, and is move in ready. Chefs kitchen includes plenty of counter space, GE appliances, gas cooking, desk area, and Samsung refrigerator. Ceramic tile floors throughout the home. Spacious split master bedroom and master bath offers a large closet, dual vanity, garden tub, and walk in shower. Entertain in your private fenced in backyard under the huge covered freshly painted back deck, complemented with a covered BBQ area in the backyard. Includes security system along with Ring doorbell. Minutes from Brooks City Base, downtown San Antonio, and easy freeway access for commuting. Not many one story's available in this neighborhood, make this jewel your own!

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: Southeast San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Southeast San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6641456

* 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
Pecan Valley Elementary School Primary Regular 537 36 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Pecan Valley Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 36
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
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$830
Property Tax -$534
Property Insurance -$135
HOA -$20
Property Management Fees -$99
CASH FLOW
-$48

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.

$239,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 1.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5504$1,5705$1,570
$1,570
RENT COMPS ANALYSIS
  • 4406 Ashbel San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 7410 Gamble Oak Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2005
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 7211 Independence Way San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2017
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 3835 Pavo Viejo San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 2003
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 8027 Chisos Oak Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rhonda Hobbs
1.832.865.2233
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511085
Last Updated: 02/26/2021
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