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518 Diamond Falls San Antonio, TX 78251

3 Beds 3 Baths 1,704 sqft Built 2003

$239,999

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

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: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: Sierra Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7891472

* 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
Lewis Elementary School Primary Regular 794 51 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 51
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$215,999$263,999$239,999

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

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
$1,390
1$1,3902$1,4503$1,4504$1,5005$1,540
$1,540
RENT COMPS ANALYSIS
  • 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
Donna Hernandez
1.210.264.9104
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509542
Last Updated: 02/12/2021
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