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5626 Tranquil Cove San Antonio, TX 78244

4 Beds 3 Baths 1,900 sqft Built 2021

$238,500

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $125.53
  • 6 Days on Market
  • MLS # : 1503568
  • Updated Date : 01/12/2021 at 20:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

The Ingleside is a two-story, 1900 sq. ft., 4 bedroom, 2.5 bathroom floor plan designed to provide your growing family with a beautiful place to call home. The inviting front porch and entry leads to a long foyer. The foyer immediately connects to the study and then opens up to the spacious living area. The living area is located adjacent to the open kitchen and large dining area. Enjoy preparing meals and spending time together gathered around the spacious kitchen island. The kitchen leads to the backyard. The utility room conveniently connects to the garage. The bedroom 1 suite, three secondary bedrooms, and a secondary full bathroom are all 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. Schedule a viewing with one of our agents 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: 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
 

$214,650$262,350$238,500

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$828
Property Tax -$532
Property Insurance -$137
HOA -$42
Property Management Fees -$99
CASH FLOW
-$128

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.

$238,500

PROJECTED PRICE

$1,510

PROJECTED RENT

0.63%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,203

INVESTMENT

$65,203

Down Payment
$59,625
Rehab Estimate
$2,000
Closing Costs
$3,578

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$828

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,625
Loan Amount $178,875
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,558

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5103$1,5354$1,5355$1,535
$1,535
RENT COMPS ANALYSIS
  • 5626 Tranquil Cove San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.79
    •  
  • 5930 Tranquil Dawn San Antonio, TX 1
    • 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
    •  
  • 6007 Camier Cove San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.81
    •  
  • 7615 Millchase San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.81
    •  
  • 7507 Whispine San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2014
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.81
    •  
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 #: 1503568
Last Updated: 01/12/2021
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