Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $140.84
- 3 Days on Market
- MLS # : 1509542
- Updated Date : 02/12/2021 at 14:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,704 sqft
- Baths : 2 full , 1 half
Listing Agent
Vortex Realty
Listing Agent's Description
Be the first to see this beautifully maintained home. This is a one owner home. It's been lovingly maintained and is move in ready for the next family to love. Three nice sized bedrooms and 2.5 baths. The master bathroom has been updated with beautiful new tile and flooring. The kitchen has also been updated with stylish new flooring. The thoughtful layout of this home has room for everyone and plenty of storage. The family will be able to spend lots of time hanging out on the oversized patio that also has a basketball hoop. The gardener in the family will love the planters and fruit trees. This home is located in a very desirable area close to Hwy 151, Sea World, shopping and restaurants. The neighborhood pool is within walking distance and is a big plus too!
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: Sierra Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$536 | |
| Property Insurance | -$125 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$72
|
||
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.
$239,999
PROJECTED PRICE
$1,540
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| 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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $179,999 |
1.58
YEARS SAVED
$2,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,534
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
518 Diamond Falls San Antonio, TX 5
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $0.90
-
515 Coral Harbor San Antonio, TX 1
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2004
![property image]()
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,390
- $0.88
-
647 Granite Cliff San Antonio, TX 2
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2003
![property image]()
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
10318 Lion Chase San Antonio, TX 3
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2001
![property image]()
LEASED 02/11/21- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
643 Diamond Falls San Antonio, TX 4
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2002
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,500
- $0.88
PROPERTY LISTING DETAILS
1.210.264.9104
Vortex Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509542
Last Updated: 02/12/2021
