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4925 Drovers Path St Hedwig, TX 78152

3 Beds 3 Baths 2,115 sqft Built 2018

$254,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $120.52
  • 4 Days on Market
  • MLS # : 1509323
  • Updated Date : 02/11/2021 at 14:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,115 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate Muses

Listing Agent's Description

Energy efficient home in brand NEW development! Master retreat complete with upstairs sitting room lined with bay windows. The Asher Place community is located in the highly desirable Schertz-Cibolo ISD. Neighborhood amenities include a pool, clubhouse, parks and playgrounds, jogging trails and more. Enjoy this quiet community and a home that allows for energy efficient, spacious living!

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 San Antonio

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $67k352k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6791549

* 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
Rose Garden Elementary School Primary Regular 476 28 4
Ray D. Corbett Junior High School Middle Regular 1,089 61 7
Samuel Clemens High School High Regular 2,450 130 8

Rose Garden Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 28
4
GreatSchools Rating

Ray D. Corbett Junior High School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 61
7
GreatSchools Rating

Samuel Clemens High School

  • Education Level: High
  • # of students: 2,450
  • # of teachers: 130
8
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$885
Property Tax -$545
Property Insurance -$149
HOA -$38
Property Management Fees -$99
CASH FLOW
$64

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.

$254,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,780
$1,780
RENT COMPS ANALYSIS
  • 4925 Drovers Path St Hedwig, TX 3
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.84
    •  
  • 4618 Heathers Cross St Hedwig, TX 1
    • 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2018
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 4905 Drovers Path St Hedwig, TX 2
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2018
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
PROPERTY LISTING DETAILS
Melissa Wiggans
1.210.332.0310
Real Estate Muses
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509323
Last Updated: 02/11/2021
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