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5419 Carriage Cpe San Antonio, TX 78261

4 Beds 3 Baths 2,284 sqft Built 2017

$309,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $135.68
  • 3 Days on Market
  • MLS # : 1493760
  • Updated Date : 11/06/2020 at 23:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,284 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

A rare 4 bedroom 3 bathroom one-story! You will love coming home to this immaculate and well cared for home with lots to offer including a spacious open floor plan, island kitchen with gas cooking, two bedrooms with a Jack-and-Jill bathroom, modern staggered tile in the living areas and spacious master with large walk-in shower. Outside there is beautiful rock work up front and a covered patio out back with the prefect yard for someone looking for easy maintenance. Community is gated and host a number of events including food trucks, and offers several amenities including two pools, basketball court and playground. The new elementary school is also in the community. Come see this beauty in person and fall in love today.

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: Wortham Oaks

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $86k339k

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

Neighborhood: Wortham Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8452041

* 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
Rolling Meadows Elementary School Primary Regular 761 45 7
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Rolling Meadows Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 45
7
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,143
Property Tax -$692
Property Insurance -$159
HOA -$47
Property Management Fees -$99
CASH FLOW
$190

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.

$309,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$2,1004$2,1755$2,330
$2,330
RENT COMPS ANALYSIS
  • 5419 Carriage Cpe San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.02
    •  
  • 21511 Foxpark Lodge San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2010
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.87
    •  
  • 21502 Antelope Hill San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2007
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 5406 Carriage Cpe San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2017
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 22714 Carriage Bush San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2017
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.87
    •  
PROPERTY LISTING DETAILS
Grant Lopez
1.210.865.6129
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493760
Last Updated: 11/06/2020
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