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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $124.11
- 3 Days on Market
- MLS # : 1502950
- Updated Date : 01/09/2021 at 23:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,974 sqft
- Baths : 2 full
Listing Agent
Jp & Associates, Realtors
Listing Agent's Description
This move in ready, one story home in Wortham Oaks is ready for you! This home has great features, a functional floor plan and is in an excellent location! NO CITY TAXES! The spacious kitchen boasts large island, granite counter tops, large cabinets and pantry for storage, overlooks large family room with wood burning fireplace. Enjoy evenings on the covered patio. Formal dining room at the front of the house is an ideal space for distance learning or working from home! This home boasts a large master suite with huge walk-in closet and all 3 secondary bedrooms are good sized and all have walk in closets! Fresh interior paint, water softener and sprinkler system are all added bonuses. Water heater replaced in 2017. The home is in close proximity to Wortham Oaks Elementary School and the neighborhood amenity center! Neighborhood amenities include: gated entrance, pool, playground, park and basketball courts. Located within in minutes to restaurants, shopping and entertainment. What more could you want?
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wortham Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$571 | |
| Property Insurance | -$141 | |
| HOA | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$127
|
||
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.
$245,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
4.5
YEARS SAVED
$10,782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/16/20- Rent
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- $1,800
- $0.88
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5910 Akin Glen San Antonio, TX 5
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LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
PROPERTY LISTING DETAILS
1.210.717.6690
Jp & Associates, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1502950
Last Updated: 01/09/2021
