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5806 Spanish Dawn San Antonio, TX 78222

3 Beds 2 Baths 1,272 sqft Built 2012

$170,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $133.65
  • 39 Days on Market
  • MLS # : 1492102
  • Updated Date : 12/04/2020 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Re/max Military City

Listing Agent's Description

This charming one-story move-in ready home located on a private cul-de-sac has a bright open floor concept with plenty of natural lighting. The living room welcomes you with crown molding and features an open living, kitchen, and dining area! The large primary bedroom features two spacious closets! What woman wouldn't love two closets! Step into a resort-style walk-in shower stall in the primary bath with exquisite tile design! Walk outside to the large covered patio that overlooks a spacious private yard! Perfect for barbeques and large enough to accommodate extra additions! Conveniently located just minutes away from 410 and I-10! Call us for more information! Same day showings available.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6621456

* 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
Sinclair Elementary School Primary Regular 618 38 2
Legacy Middle School Middle Regular 1,146 64 2
East Central High School High Regular 2,943 146 3

Sinclair Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
2
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$627
Property Tax -$380
Property Insurance -$101
HOA -$25
Property Management Fees -$99
CASH FLOW
-$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$170,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

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$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,177

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2503$1,3504$1,3955$1,425
$1,425
RENT COMPS ANALYSIS
  • 5806 Spanish Dawn San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.93
    •  
  • 6139 Lake Victoria St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
  • 4119 Salado Crest San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2018
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 3534 Horizon Lk San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2005
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 4607 Le Villas San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.92
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492102
Last Updated: 12/04/2020
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