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4603 Adkins Trail San Antonio, TX 78238

3 Beds 3 Baths 1,807 sqft Built 2004

$185,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $102.38
  • 4 Days on Market
  • MLS # : 1505187
  • Updated Date : 01/21/2021 at 14:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,807 sqft
  • Baths : 2 full , 1 half
Listing Agent

Harvest Real Estate

Listing Agent's Description

Great home with gorgeous wood floors and nice open floor plan, New roof in 2016 New HVAC in 2019. TV mounts, ring doorbell and security cameras will stay with the house. Home has an office downstairs and all bedrooms upstairs plus loft game area. Sit in the backyard in the center of town and watch the deer play! Close to the Medical center, USAA, Lackland, easy access to downtown. Awesome location! Better call to come see this one today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $80k205k

* 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
Powell Elementary School Primary Regular 548 39 5
Ross Middle School Middle Regular 1,116 78 4
Holmes High School High Regular 2,808 171 5

Powell Elementary School

  • Education Level: Primary
  • # of students: 548
  • # of teachers: 39
5
GreatSchools Rating

Ross Middle School

  • Education Level: Middle
  • # of students: 1,116
  • # of teachers: 78
4
GreatSchools Rating

Holmes High School

  • Education Level: High
  • # of students: 2,808
  • # of teachers: 171
5
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$643
Property Tax -$413
Property Insurance -$131
HOA -$18
Property Management Fees -$99
CASH FLOW
$156

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.

$185,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.79%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$14,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,3954$1,4605$1,475
$1,475
RENT COMPS ANALYSIS
  • 4603 Adkins Trail San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.81
    •  
  • 6515 Benwood Crest San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2006
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.78
    •  
  • 57 Weathering Crk San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 2001
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 6602 Burton Bay San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 4619 Roxio Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lindsay Barnett
1.615.719.5545
Harvest Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505187
Last Updated: 01/21/2021
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