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4718 Castle Path San Antonio, TX 78218

3 Beds 2 Baths 952 sqft Built 1972

$143,500

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $150.74
  • 65 Days on Market
  • MLS # : 1493807
  • Updated Date : 01/10/2021 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 952 sqft
  • Baths : 1 full , 1 half
Listing Agent

Real Broker, Llc

Listing Agent's Description

Great starter home. Home has been fully remodeled. New vinyl plank flooring, new kitchen cabinets and countertops, beautiful Kitchen Island, new backsplash, bathroom remodel. New Roof 12/2020. Brand new interior and exterior paint. Exterior- beautiful BBQ area with a HUGE yard.

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: East Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: East Village

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
Park Village Elementary School Primary Regular 600 43 3
Kirby Middle School Middle Regular 869 57 3
Wagner High School High Regular 2,274 138 3

Park Village Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 43
3
GreatSchools Rating

Kirby Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

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

$129,150$157,850$143,500

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$498
Property Tax -$320
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$50

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.

$143,500

PROJECTED PRICE

$950

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.6%
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$50k$100k$150k$200k$250k$300k$350k$400k

PROJECTED ANNUAL CASH FLOW

11530-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$43,778

INVESTMENT

$43,778

Down Payment
$35,875
Rehab Estimate
$5,750
Closing Costs
$2,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$498

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $35,875
Loan Amount $107,625
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $950

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $950

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$9503$9504$9955$1,115
$1,115
RENT COMPS ANALYSIS
  • 4718 Castle Path San Antonio, TX 3
    • 3 beds 2 baths ∙ 952 Sqft ∙ Built 1972 3 beds 2 baths ∙ 952 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.00
    •  
  • 5810 Woodhill San Antonio, TX 1
    • 3 beds 2 baths ∙ 937 Sqft ∙ Built 1971 3 beds 2 baths ∙ 937 Sqft ∙ Built 1971
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.99
    •  
  • 6038 Castle Hunt San Antonio, TX 2
    • 3 beds 1 baths ∙ 896 Sqft ∙ Built 1977 3 beds 1 baths ∙ 896 Sqft ∙ Built 1977
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.06
    •  
  • 4819 Castle Sword San Antonio, TX 4
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1969
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.96
    •  
  • 5918 Woodgreen San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1971
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,115
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jacqueline Lopez
1.210.996.6819
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493807
Last Updated: 01/10/2021
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