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523 Limestone Flt San Antonio, TX 78251

3 Beds 2 Baths 1,751 sqft Built 2003

$205,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $117.08
  • 3 Days on Market
  • MLS # : 1496117
  • Updated Date : 11/20/2020 at 17:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,751 sqft
  • Baths : 2 full
Listing Agent

Prime Realty

Listing Agent's Description

Great single story home in super convenient location with easy access to Potranco Rd, Loop 1604 and Hwy 151. Well maintained with oversized tile throughout home. Open floor plan features island kitchen overlooking breakfast area and separate dining room. Large owner's suite with garden tub and separate shower and walk-in closet. Private backyard with privacy fence, mature trees and large covered patio. Priced to sell fast!

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: 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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$756
Property Tax -$458
Property Insurance -$128
HOA -$18
Property Management Fees -$99
CASH FLOW
$31

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.

$205,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.73%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,497

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4604$1,4905$1,495
$1,495
RENT COMPS ANALYSIS
  • 523 Limestone Flt San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.85
    •  
  • 631 Granite Cliff San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 606 Diamond Falls San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2002
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 531 Rattler Bluff San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2004
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.83
    •  
  • 542 Lynx Mtn San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2004
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
R. Carlos Gonzalez
1.210.725.2153
Prime Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496117
Last Updated: 11/20/2020
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