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

5334 Diamond Cove San Antonio, TX 78242

4 Beds 2 Baths 1,292 sqft Built 1979

$144,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $112.15
  • 2 Days on Market
  • MLS # : 1499439
  • Updated Date : 12/12/2020 at 20:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Vortex Realty

Listing Agent's Description

MOVE IN READY! All new exterior siding, roof is 1 year old. Freshly painted, faux blinds through out. New flooring throughout, engineered hardwood in living area, ceramic plank tile in kitchen and 4th bedroom, carpets in other 3 bedrooms! Large yard for family enjoyment with privacy fence in backyard (8' privacy fence at rear of property) and fenced in front. Has a large 12' X 10" Storage shed.

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: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5481456

* 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
Hidden Cove Elementary School Primary Regular 539 41 4
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Hidden Cove Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 41
4
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 64
2
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$130,410$159,390$144,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$535
Property Tax -$323
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$141

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.

$144,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,149

INVESTMENT

$44,149

Down Payment
$36,225
Rehab Estimate
$5,750
Closing Costs
$2,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,225
Loan Amount $108,675
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$14,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,202

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0953$1,1004$1,1005$1,200
$1,200
RENT COMPS ANALYSIS
  • 5334 Diamond Cove San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,292 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 8603 White Star St San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.90
    •  
  • 8811 Catalina Bay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.93
    •  
  • 5307 Diamond Cove San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1979
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 8434 Sweet Maiden St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Regina Sanders
1.210.863.3567
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499439
Last Updated: 12/12/2020
BESbswy