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502 Adkins Pride San Antonio, TX 78245

4 Beds 3 Baths 2,538 sqft Built 2003

$235,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $92.59
  • 29 Days on Market
  • MLS # : 1488769
  • Updated Date : 11/07/2020 at 00:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,538 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tc Austin Residential Group

Listing Agent's Description

This beautiful, two story home boast pride of ownership with many upgrades. Home sits on a well maintained lot located in a cul-de sac. 4 bedrooms, 2.5 baths, walk in closets, game room and large dining/family area. Home has recently installed ceramic flooring on first floor and upstairs bathrooms. All three tiolets have been replaced to watersense tiolets. Fresh paint throughout home by professional, brand new matching wood blinds.

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: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k237k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8421489

* 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
Forester Elementary School Primary Regular 1,001 62 8
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Forester Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 62
8
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$867
Property Tax -$525
Property Insurance -$173
HOA -$15
Property Management Fees -$99
CASH FLOW
-$129

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.

$235,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 0.7%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5504$1,5955$1,795
$1,795
RENT COMPS ANALYSIS
  • 502 Adkins Pride San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.61
    •  
  • 10315 Oakwood Crest San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.61
    •  
  • 9627 Rainbow Creek San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 814 Antler Post San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.65
    •  
  • 414 Cattle Ranch Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.66
    •  
PROPERTY LISTING DETAILS
Gabriela Sutowski
1.210.454.1322
Tc Austin Residential Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1488769
Last Updated: 11/07/2020
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