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5614 Tranquil Cove San Antonio, TX 78244

3 Beds 3 Baths 1,625 sqft Built 2021

$223,600

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $137.60
  • 5 Days on Market
  • MLS # : 1503706
  • Updated Date : 01/13/2021 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,625 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

The Swift is a two-story, 1625 sq. ft., 3 bedroom, 2.5 bathroom floor plan designed with your family in mind. The inviting front porch and entry leads to a foyer which opens up to the spacious living area. The living area is located adjacent to the open kitchen and dining area. Enjoy preparing meals and spending time together gathered around the large kitchen island. The kitchen leads to the backyard & relaxing covered patio. There is a storage closet located under the stairs, and the utility room conveniently connects to the garage. Upstairs, you will find a spacious loft/game room area for the entire family to enjoy. The bedroom 1 suite, two secondary bedrooms, and a secondary full bathroom are also located upstairs. You'll enjoy added security in your new home with our Home is Connected features. Using one central hub that talks to all the devices in your home, you can control the lights, thermostat and locks, all from your cellular device. Additional features include Mohawk Revwood flooring in kitchen, wet areas, and living room per plan, black appliances and flat panel maple cabinets.

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: Northeast Crossing

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Northeast Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Camelot Elementary School Primary Regular 558 39 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Camelot Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 39
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$201,240$245,960$223,600

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$777
Property Tax -$602
Property Insurance -$121
HOA -$42
Property Management Fees -$99
CASH FLOW
$79

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$223,600

PROJECTED PRICE

$1,720

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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$600k$700k

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,254

INVESTMENT

$61,254

Down Payment
$55,900
Rehab Estimate
$2,000
Closing Costs
$3,354

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$777

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,900
Loan Amount $167,700
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$7,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,442

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,415
1$1,4152$1,4953$1,5004$1,5405$1,720
$1,720
RENT COMPS ANALYSIS
  • 5614 Tranquil Cove San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,625 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.06
    •  
  • 7614 Cypress Vine San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2014
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,415
    • $0.84
    •  
  • 5930 Tranquil Dawn San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2016
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 5902 Bridle Bend San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2017
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 7242 Hibiscus Falls San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.91
    •  
PROPERTY LISTING DETAILS
R.j. Reyes
1.210.842.5458
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503706
Last Updated: 01/13/2021
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