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5839 Misty Glen San Antonio, TX 78247

4 Beds 2 Baths 1,446 sqft Built 1983

$228,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $157.68
  • 2 Days on Market
  • MLS # : 1507105
  • Updated Date : 01/30/2021 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

Redberry Realty

Listing Agent's Description

Beautifully remodeled home at an affordable price. This four bedroom and two bath home offers an abundance of warmth and style. Features a two year old metal roof, an open floor plan, and many relaxing areas to find comfort in. The kitchen has subway tile backsplash, light colored cabinets, and butcher block style counters. The backyard has a large covered patio and ample room to play or just sit and relax. Don't miss out on this opportunity and come see it 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: Hill Country

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $84k205k

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

Neighborhood: Hill Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Steubing Ranch Elementary School Primary Regular 941 60 7
Harris Middle School Middle Regular 1,338 76 6
Madison High School High Regular 3,364 190 5

Steubing Ranch Elementary School

  • Education Level: Primary
  • # of students: 941
  • # of teachers: 60
7
GreatSchools Rating

Harris Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 76
6
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$792
Property Tax -$509
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$130

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.

$228,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.2%
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

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$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$792

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3803$1,3954$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 5839 Misty Glen San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,446 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.95
    •  
  • 5938 Kissing Oak St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1981
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 5802 Brambletree St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1980
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 5410 Vista Run Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1985
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 5826 Kissing Oak St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1981
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Marc Dominguez
1.210.204.9663
Redberry Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507105
Last Updated: 01/30/2021
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