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5510 Echo Vista Dr San Antonio, TX 78247

3 Beds 2 Baths 1,547 sqft Built 1984

$183,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $118.29
  • 3 Days on Market
  • MLS # : 1496283
  • Updated Date : 11/21/2020 at 19:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,547 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Super cute home located conveniently to 1604. This home has 3 bedroom and 2 baths. Recent paint, recent carpeting, roof, and a/c. The home also has new windows throughout. Great potential for a family looking for a first home. Part of the garage has been turned into a storage room, but could easily be transformed back into a garage. Lots of potential for this cute home with a great floorpan. Come by and take a look as it won't last long.

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: Vista

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Steubing Ranch Elementary School Primary Regular 941 60 7
Harris Middle School Middle Regular 1,338 76 6
Madison High School High Regular 3,364 190 5

Steubing Ranch Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 60
7
GreatSchools Rating

Harris Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 76
6
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$164,700$201,300$183,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$675
Property Tax -$409
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
$121

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.

$183,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.2%
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$10k

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$54,245

INVESTMENT

$54,245

Down Payment
$45,750
Rehab Estimate
$5,750
Closing Costs
$2,745

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,750
Loan Amount $137,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$14,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,416

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,4254$1,4755$1,495
$1,495
RENT COMPS ANALYSIS
  • 5510 Echo Vista Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.92
    •  
  • 17010 Vista Park Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1984
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 16811 Vista Bluff Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1986
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 5410 Vista Run Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1985
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 17022 Vista Bluff Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1984
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lisa Gumm-pirolo
1.210.213.1970
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496283
Last Updated: 11/21/2020
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