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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $142.57
- 3 Days on Market
- MLS # : 1504093
- Updated Date : 01/15/2021 at 19:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,259 sqft
- Baths : 2 full
Listing Agent
Re/max North-san Antonio
Listing Agent's Description
Charming, well-maintained one story home that's ready for you to move right in! Walk right up to your covered front porch with enough space for a nice sitting area. Home features an open floor plan, lovely porcelain tile, spacious living room, separate dining area and you'll enjoy cooking your meals in this kitchen with stainless steel appliances, tile backsplash, walk-in pantry, extra storage and counter top space in the butler's pantry area. Home also boasts cozy secondary bedrooms with carpet, spacious master bedroom with a walk-in closet and the master bath has tub/shower combo & single vanity. Relax on the extended back patio that's covered to shade you from the Texas sun. Backyard also has a storage shed which is a perfect place to store all your yard tools. Pride of ownership shows in this home! Don't miss your chance to see this wonderful home today before it is gone!
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: Northeast Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$623 |
| Property Tax | -$401 | |
| Property Insurance | -$100 | |
| HOA | -$30 | |
| 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 18% of earned rent to cover both maintenance and periods of vacancy.
$179,500
PROJECTED PRICE
$1,250
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| 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
$53,318
LOAN DETAILS
$623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $44,875 |
| Loan Amount | $134,625 |
2.5
YEARS SAVED
$3,231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,246
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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6527 Hazy Glen San Antonio, TX 2
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- $1,375
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-
7606 Cypress Vine San Antonio, TX 4
- 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2014
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,390
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-
7039 Cozy Run San Antonio, TX 5
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2017
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,395
- $0.96
PROPERTY LISTING DETAILS
1.210.643.6954
Re/max North-san Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1504093
Last Updated: 01/15/2021
