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5203 Montgomery Pass San Antonio, TX 78245

5 Beds 4 Baths 2,832 sqft Built 2018

$306,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $108.05
  • 7 Days on Market
  • MLS # : 1491849
  • Updated Date : 10/29/2020 at 04:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,832 sqft
  • Baths : 3 full , 1 half
Listing Agent

Pmi Birdy Properties, Crmc

Listing Agent's Description

Come check out this Beautiful 5 bedroom, 3.5 bath home. Open living and kitchen area. Hard floors on the first floor, and carpeted areas in living areas on the second floor. Cozy backyard with covered patio. Plenty of space for the whole family. All bedrooms are great sizes. S.S. Appliances, house practically brand new...only 2 years old....gently lived in. HUGE upstairs game room. Come make this your home! :)

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$275,400$336,600$306,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,129
Property Tax -$683
Property Insurance -$190
HOA -$38
Property Management Fees -$99
CASH FLOW
-$129

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.

$306,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,840

INVESTMENT

$86,840

Down Payment
$76,500
Rehab Estimate
$5,750
Closing Costs
$4,590

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,500
Loan Amount $229,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,968

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9954$1,9955$2,010
$2,010
RENT COMPS ANALYSIS
  • 5203 Montgomery Pass San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,832 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,832 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.71
    •  
  • 11108 Cape Primrose San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2010
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 11206 Cape Primrose San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2009
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.69
    •  
  • 11238 Begonia Rock San Antonio, TX 3
    • 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,659 Sqft ∙ Built 2009
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 11339 Begonia Rock San Antonio, TX 4
    • 5 beds 5 baths ∙ 3,120 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,120 Sqft ∙ Built 2010
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
PROPERTY LISTING DETAILS
Matthew Ridings
1.210.823.4817
Pmi Birdy Properties, Crmc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491849
Last Updated: 10/29/2020
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