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5143 Colton Crk San Antonio, TX 78251

3 Beds 3 Baths 1,698 sqft Built 1996

$225,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $132.51
  • 4 Days on Market
  • MLS # : 1513663
  • Updated Date : 03/11/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Home Realty

Listing Agent's Description

Nicely remodeled home with an open floorplan. Interior recently painted with new vinyl plank flooring and laminate flooring (no carpet). Kitchen updated with newer cabinets, quartz counter tops, subways tile backsplash, island, and stainless steel appliances. Bathrooms remodeled with updated vanities and tiled showers. Backyard has covered patio and over-sized tuff shed. Close to 1604 and 410.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7561472

* 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
Raba Elementary School Primary Regular 787 53 8
Zachry Middle School Middle Regular 1,076 64 4
Warren High School High Regular 3,052 176 7

Raba Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 53
8
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$782
Property Tax -$502
Property Insurance -$125
HOA -$20
Property Management Fees -$99
CASH FLOW
-$68

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.

$225,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.1%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4603$1,5004$1,5005$1,545
$1,545
RENT COMPS ANALYSIS
  • 5143 Colton Crk San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.86
    •  
  • 5023 Senisa Springs San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 9510 Alexa Place San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 5003 Kallies Circle San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998
    property image
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 5518 Camry Springs San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1997
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.91
    •  
PROPERTY LISTING DETAILS
Vincent Salas
1.210.846.2975
Texas Home Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513663
Last Updated: 03/11/2021
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