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4551 Lakebend West Dr San Antonio, TX 78244

3 Beds 2 Baths 1,422 sqft Built 1977

$179,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $126.51
  • 3 Days on Market
  • MLS # : 1502268
  • Updated Date : 01/10/2021 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Charming one story home in Woodlake neighborhood. This home has great curb appeal and is located on a quiet cul de sac. Open concept floor plan has two living areas, perfect for entertaining! Cozy living area has fireplace and beautiful wood beam accents. Updated kitchen has stainless steel appliances (fridge included) and hand scraped wood look tile. Guest bathroom has updated paint, vanity and wood like tile. Sprawling master bedroom with walk in closet. All new carpet throughout home! Huge backyard is over 1/3 of an acre, very private and all flat! New HVAC in 2019! Roof, water heater and all kitchen appliances are 2016! Welcome home! Contact Ana Warmke: ana@lisasinn.com (210)240-5714

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: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$35

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.

$179,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
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$600k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$5,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,095

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,015
1$1,0152$1,0553$1,0754$1,1005$1,270
$1,270
RENT COMPS ANALYSIS
  • 4551 Lakebend West Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.89
    •  
  • 4046 Indian Sunrise San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,320 Sqft ∙ Built 1983
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,015
    • $0.77
    •  
  • 6731 Stone Lake Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1976
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,055
    • $0.77
    •  
  • 6739 Fairlake St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.75
    •  
  • 4175 Sunrise Creek Dr San Antonio, TX 4
    • 3 beds 1 baths ∙ 1,397 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,397 Sqft ∙ Built 1985
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lisa Sinn
1.210.789.9617
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502268
Last Updated: 01/10/2021
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