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5022 Terrace Wood San Antonio, TX 78223

4 Beds 3 Baths 2,278 sqft Built 2006

$199,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $87.36
  • 3 Days on Market
  • MLS # : 1494997
  • Updated Date : 11/13/2020 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Seller will have NEW carpet installed prior to closing! Come check out this 4 bedroom, 2 and a half bath home! This home has a open floor plan with TWO living areas and a huge backyard!This community has a Park/Playground, Jogging Trails, Sports Court and BBQ/Grill area. Conveniently located near highway 410,37 south and highway 181. 24 hour notice required

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: Southeast San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $64k204k

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

Neighborhood: Southeast San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6641456

* 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
Harmony Elementary School Primary Regular 551 36 3
Heritage Middle School Middle Regular 1,150 64 2
East Central High School High Regular 2,943 146 3

Harmony Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 36
3
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 1,150
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$734
Property Tax -$444
Property Insurance -$159
HOA -$21
Property Management Fees -$99
CASH FLOW
-$7

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.

$199,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 1.6%
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$100k$200k$300k$400k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,450
$1,450
RENT COMPS ANALYSIS
  • 5022 Terrace Wood San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 4318 Stetson Run San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2010
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.63
    •  
PROPERTY LISTING DETAILS
Caroline Monreal-gloria
1.210.573.5467
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494997
Last Updated: 11/13/2020
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