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4630 Barhill St San Antonio, TX 78217

4 Beds 3 Baths 2,404 sqft Built 1978

INVESTimate

$210,000

List Price

$1,600

$1,440 - $1,760

Rent Est.

$223,188  ( +6.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $87.35
  • 5 Days on Market
  • MLS # : 1478798
  • Updated Date : 08/25/2020 at 17:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,404 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jb Goodwin, Realtors

Listing Agent's Description

This home is ready for you to add your finishing touches. It sits on a beautiful lot with nice backyard. There's even room for a pool. Four spacious bedrooms upstairs. Two living areas down along with separate dining room and large laundry/mud room. Beautiful Stone fireplace in family room. Recent foundation work on this home has been completed and comes with a lifetime warranty on the entire foundation. Interior of home has been COMPLETELY painted in a neutral color. This home is ready for a buyer to do the updates as they wish and it has been priced to allow for these updates. Voluntary HOA!!!

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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: Northern Hills

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northern Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451491

* 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
Northern Hills Elementary School Primary Regular 629 38 3
Driscoll Middle School Middle Regular 900 54 5
Madison High School High Regular 3,364 190 5

Northern Hills Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 38
3
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$775
Property Tax -$469
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$92

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.

$210,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.28%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$12,220

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
  • $0.67

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4630 Barhill St San Antonio, 3
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 4515 Purlane San Antonio, 1
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1997
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 13819 Fairway Peak San Antonio, 2
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1992
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 4823 Los Reyes St San Antonio, 4
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1973
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 13719 Briarmeadow St San Antonio, 5
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1977
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Phyllis Roberts
1.210.825.9961
Jb Goodwin, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478798
Last Updated: 08/25/2020
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