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5571 Kissing Oak St San Antonio, TX 78247

3 Beds 2 Baths 1,072 sqft Built 1984

$149,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $138.99
  • 4 Days on Market
  • MLS # : 1496041
  • Updated Date : 11/20/2020 at 06:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,072 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Cozy garden home with vaulted ceiling in living room with plenty of sunlight and view of the recently replaced 14X20. Ceramic tile in wet areas and recent carpet in all bedrooms. Open floor plan that allows a nice flow throughout. 2 car garage and spacious back yard on a zero lot line. Convenient to 1604 and all three NEISD schools. Foundation work performed 11/2011 by Perma-Pier with a limited lifetime transferable warranty by previous owner. Home to be sold "As-Is"

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: Hill Country

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $84k205k

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

Neighborhood: Hill Country

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
 

$134,100$163,900$149,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$550
Property Tax -$333
Property Insurance -$89
Property Management Fees -$99
CASH FLOW
$160

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.

$149,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.2%
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$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$45,235

INVESTMENT

$45,235

Down Payment
$37,250
Rehab Estimate
$5,750
Closing Costs
$2,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,250
Loan Amount $111,750
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$17,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,104

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2003$1,2304$1,2955$1,295
$1,295
RENT COMPS ANALYSIS
  • 5571 Kissing Oak St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.15
    •  
  • 16615 Crested Butte St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1980
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 5902 Misty Gln San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
  • 5931 Kissing Oak St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1981
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
  • 5846 Spring Cabin San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1987
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
PROPERTY LISTING DETAILS
Marisa Cortez
1.210.383.2045
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 #: 1496041
Last Updated: 11/20/2020
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