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5831 Couble Falls San Antonio, TX 78253

4 Beds 3 Baths 2,271 sqft Built 2017

$315,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $138.71
  • 2 Days on Market
  • MLS # : 1545209
  • Updated Date : 07/13/2021 at 04:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,271 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Tenant occupied. No showings until contract is executed. The Asaro DR Horton floor plan. Desirable Alamo Ranch location. Beautiful 4 bedroom, 2 1/2 bath open concept home with main bedroom down bath features double vanity and separate tub/shower, generous walk in closet. Granite island kitchen with stainless steel appliances and gas cooking adjoins big living area. Game room upstairs and three secondary bedrooms with ample closet space. Large backyard with covered patio and extended deck. Close to shops, restaurants, expressways and major employers. Currently leased until Sept. 2021.

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Mireles Elementary School Primary Regular 996 61 9
Dolph Briscoe Middle School Middle Regular 824 50 7
Taft High School High Regular 2,901 174 7

Mireles Elementary School

  • Education Level: Primary
  • # of students: 996
  • # of teachers: 61
9
GreatSchools Rating

Dolph Briscoe Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 50
7
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,094
Property Tax -$703
Property Insurance -$158
HOA -$32
Property Management Fees -$99
CASH FLOW
-$137

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.

$315,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,8953$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 5831 Couble Falls San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 13102 Beals Circle San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2018
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.82
    •  
  • 12438 Panola Way San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 5827 Couble Falls San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 2017
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 5706 Mckinney Falls San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2016
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kellie Daniels
1.210.325.0107
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545209
Last Updated: 07/13/2021
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