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

5318 Colton Crk San Antonio, TX 78251

3 Beds 2 Baths 1,520 sqft Built 1997

INVESTimate

$209,500

List Price

$1,410

$1,269 - $1,551

Rent Est.

$224,333  ( +7.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $137.83
  • 5 Days on Market
  • MLS # : 1478700
  • Updated Date : 08/22/2020 at 05:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Terrific 1-story home that shows pride of ownership! Open floor plan, beautiful porcelain tile, large living room with wood burning fireplace, spacious kitchen features stainless steel appliances, island, plenty of cabinet and countertop space and a pantry/utility room. Home also boasts cozy secondary bedrooms, huge master suite with ceiling fan and a walk-in closet, master bath has a tub/shower combo plus a single vanity. Enjoy the backyard under the covered patio to shade you from the hot Texas sun. Other features include a storage shed, privacy fencing, mature trees and so much more. *Owner will remove swimming pool prior to closing if buyer chooses for it not to stay.*

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: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7561472

* 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
Raba Elementary School Primary Regular 787 53 8
Zachry Middle School Middle Regular 1,076 64 4
Warren High School High Regular 3,052 176 7

Raba Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 53
8
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$188,550$230,450$209,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$773
Property Tax -$468
Property Insurance -$115
HOA -$22
Property Management Fees -$99
CASH FLOW
-$67

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.

$209,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.08%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,268

INVESTMENT

$61,268

Down Payment
$52,375
Rehab Estimate
$5,750
Closing Costs
$3,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$773

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,375
Loan Amount $157,125
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$2,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4104$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 5318 Colton Crk San Antonio, 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.93
    •  
  • 9838 Lauren Mist San Antonio, 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1998
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 9739 Criswell Crk San Antonio, 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 5407 Senisa Springs San Antonio, 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 9715 Kashmir Dr San Antonio, 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1997
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Roland Cornejo
1.210.643.6954
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478700
Last Updated: 08/22/2020
BESbswy