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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$45,500
LOAN DETAILS
$553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
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
-
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
1.210.870.9066
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1495138
Last Updated: 11/14/2020
