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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $109.98
- 2 Days on Market
- MLS # : 1509802
- Updated Date : 02/13/2021 at 18:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,803 sqft
- Baths : 2 full , 1 half
Listing Agent
Levi Rodgers Real Estate Group
Listing Agent's Description
Step inside this 2 story, 3 bedroom, 2.5 bathroom home that features a functional floor plan with richly appointed shared spaces. Wood-look laminate floors drape the spacious living room. The living room flows into an open kitchen and dining area outfitted with tile floors, professional-grade appliances, and a middle island. Sliding glass doors lead you to a private fenced backyard, perfect for a summer cookout and furry friends to enjoy outdoor play. Retreat upstairs to the primary bedroom that benefits from an en-suite bathroom complete with a utility closet and an expansive walk-in closet. This home also enjoys a laundry room with overhead shelf space and an attached garage. You will appreciate the easy access to 1604, I-10, schools, Randolph AFB, Ft. Sam, and much more.
SEE MORE
- 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: Estates - Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates - Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$689 |
| Property Tax | -$443 | |
| Property Insurance | -$131 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$3
|
||
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.
$198,300
PROJECTED PRICE
$1,380
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 2.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,300
LOAN DETAILS
$689
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,575 |
| Loan Amount | $148,725 |
2.75
YEARS SAVED
$4,381
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,370
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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- $1,299
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LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,375
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-
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LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,395
- $0.77
PROPERTY LISTING DETAILS
1.210.784.6585
Levi Rodgers Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509802
Last Updated: 02/13/2021
