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5007 Viking Coral San Antonio, TX 78244

4 Beds 3 Baths 2,961 sqft Built 2001

INVESTimate

$213,900

List Price

$1,560

$1,404 - $1,716

Rent Est.

$225,258  ( +5.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $72.24
  • 5 Days on Market
  • MLS # : 1478757
  • Updated Date : 08/22/2020 at 18:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,961 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Military City

Listing Agent's Description

This attractive 2-story home offers an Open Floor plan w/ Two Dining & Three Living Areas. Large Eat-In Kitchen features, plenty of Cabinet Space, Walk-In Pantry, and Ceramic Tile throughout! The upstairs Over-sized Game Room is great for the kids or entertaining family and friends! Main Bedroom features dual ceiling fans and a spacious walk-in closet. Relax in the Main Bath includes double vanities, garden tub and Large linen closet. Enjoy outdoor living from the spacious back patio that overlooks a large private yard! Conveniently located minutes away from I-35 and 410! Call us for more information!

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: Sunrise

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Sunrise

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
Paschall Elementary School Primary Regular 775 54 4
Kirby Middle School Middle Regular 869 57 3
Wagner High School High Regular 2,274 138 3

Paschall Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 54
4
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
 

$192,510$235,290$213,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$789
Property Tax -$478
Property Insurance -$198
Property Management Fees -$99
CASH FLOW
-$4

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.

$213,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.31%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,434

INVESTMENT

$62,434

Down Payment
$53,475
Rehab Estimate
$5,750
Closing Costs
$3,209

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,475
Loan Amount $160,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5604$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 5007 Viking Coral San Antonio, 3
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.53
    •  
  • 4614 Rothberger Way San Antonio, 1
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.56
    •  
  • 5068 Viking Coral San Antonio, 2
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.51
    •  
  • 7015 Laguna Beach Converse, 4
    • 4 beds 4 baths ∙ 2,676 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,676 Sqft ∙ Built 2009
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.60
    •  
  • 4614 Todds Farm San Antonio, 5
    • 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2015
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478757
Last Updated: 08/22/2020
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