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5207 Cabin Lake Dr San Antonio, TX 78244

3 Beds 3 Baths 2,444 sqft Built 1988

$199,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $81.79
  • 2 Days on Market
  • MLS # : 1505750
  • Updated Date : 01/24/2021 at 02:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,444 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexthome Leading Edge Realty

Listing Agent's Description

Beautiful 3 Bedrooms, 2.5 Bathrooms, 2 Car Garage Home, with a Very Functional Open Floor Plan. Tile and Laminate Floors, Master Bedroom on First Floor, Nicely Decorated Master Bathroom, Wall to Wall Mirrors, Play Area on Second Floor (Potential 4th Bedroom). Functional Kitchen with Walls and Counter Tops Decorated with Imported Porcelain Tile from Spain, Driveway, Garage and Side Walks Around the House also Decorated with Tile. Large Florida Room with a Separate Heat Pump, This is a Must See Home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$694
Property Tax -$446
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
$102

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$199,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$9,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,5104$1,5755$1,645
$1,645
RENT COMPS ANALYSIS
  • 5207 Cabin Lake Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.62
    •  
  • 4914 Viking Coral San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2005
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.62
    •  
  • 7619 Caballo Cyn San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2006
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.59
    •  
  • 6114 Joes Farm San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2002
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.65
    •  
  • 3514 Alonzo Fields Converse, TX 5
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.67
    •  
PROPERTY LISTING DETAILS
Tomas Landin
1.210.862.8663
Nexthome Leading Edge Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505750
Last Updated: 01/24/2021
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