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5123 Charolais Dr San Antonio, TX 78247

3 Beds 2 Baths 1,041 sqft Built 1977

$150,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $144.09
  • 2 Days on Market
  • MLS # : 1495138
  • Updated Date : 11/14/2020 at 12:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,041 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

IDEAL STARTER HOME CLOSE TO BUS ROUTE AND SUPERMARKET - SHOPPING* UPDATES INCLUDE: CERAMIC TILE, LAMINATE FLOORS, CARPET* ONE YEAR YOUNG WATER HEATER * CUSTOM BUILT GAZEBO* COVERED PATIO* BEAUTIFUL LANDSCAPE* OVERSIZE YARD* MATURE TREES* WALKING DISTANCE TO MADISON HIGH SCHOOL & ELEMENTARY SCHOOL* CONVENIENT TO MILITARY BASES, 1604, AND I-35.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Stahl Elementary School Primary Regular 1,004 59 3
Harris Middle School Middle Regular 1,338 76 6
Madison High School High Regular 3,364 190 5

Stahl Elementary School

  • Education Level: Primary
  • # of students: 1,004
  • # of teachers: 59
3
GreatSchools Rating

Harris Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 76
6
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$553
Property Tax -$335
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
$75

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.

$150,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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-$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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$8,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,036

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,1003$1,1504$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 5123 Charolais Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.10
    •  
  • 5223 Galacino St San Antonio, TX 1
    • 3 beds 2 baths ∙ 978 Sqft ∙ Built 1978 3 beds 2 baths ∙ 978 Sqft ∙ Built 1978
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.02
    •  
  • 16615 Crested Butte St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1980
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 5106 Hitching Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 15043 Misty Bend San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,360 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,360 Sqft ∙ Built 1979
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kurt Cutkelvin
1.210.870.9066
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495138
Last Updated: 11/14/2020
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