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4426 Olympus Bay San Antonio, TX 78245

5 Beds 3 Baths 2,490 sqft Built 2015

$240,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $96.39
  • 2 Days on Market
  • MLS # : 1492663
  • Updated Date : 11/02/2020 at 12:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Smith & Associates

Listing Agent's Description

Five (5) Very Spacious Bedrooms, MASTER DOWNSTAIRS! Two huge living areas, all efficiently cooled by a "Carrier Air conditioner". A spacious two-car garage, plus two more carport spaces for a total of 4 vehicle spaces! Nice, clean, level lot, low maintenance. 100% Financing (USDA) available! Perfect location, centrally located in Amber Creek just off 1604, Hwy 90, and minutes to Lackland, Medical Center, Hospitals, Hondo, 410, Seaworld, and tons of shopping! The owner says SELL! Come by, make an offer today! 100% VA Financing eligible.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Kriewald Rd Elementary School Primary Regular 585 35 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Kriewald Rd Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 35
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$886
Property Tax -$536
Property Insurance -$171
HOA -$25
Property Management Fees -$99
CASH FLOW
-$116

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.

$240,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 4426 Olympus Bay San Antonio, TX 1
    • 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 3519 Cactus Fall San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2012
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 9714 Belmore Cove San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2016
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 9815 Placid Bay San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2008
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 3523 York Crest San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
PROPERTY LISTING DETAILS
Hector Mendes
1.210.708.5493
Century 21 Smith & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492663
Last Updated: 11/02/2020
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