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4610 Stallion Cove San Antonio, TX 78244

3 Beds 3 Baths 1,803 sqft Built 2009

$198,300

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
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

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: Estates - Mission Hills

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Estates - Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8231489

* 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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
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
 

$178,470$218,130$198,300

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,300

INVESTMENT

$58,300

Down Payment
$49,575
Rehab Estimate
$5,750
Closing Costs
$2,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,575
Loan Amount $148,725
See What Happens When You Reinvest Cash Flow

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
$1,295
1$1,2952$1,2993$1,3754$1,3805$1,395
$1,395
RENT COMPS ANALYSIS
  • 4610 Stallion Cove San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.77
    •  
  • 7731 Windview Way San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2006
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 4518 Safe Harbor San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2005
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.78
    •  
  • 4722 Dapple Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2010
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.71
    •  
  • 4511 Rothberger Way San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509802
Last Updated: 02/13/2021
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