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5894 Castle Run San Antonio, TX 78218

3 Beds 3 Baths 1,916 sqft Built 1971

$179,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $93.42
  • 6 Days on Market
  • MLS # : 1499853
  • Updated Date : 12/16/2020 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Move in ready and a great home to grow your family! Short Commute to Fort Sam and major highway. Dual master bedrooms! First master has a great walk in shower, both master baths have Bluetooth! Great eat in kitchen with 2 ovens, both are conventional.

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: East Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: East Village

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
Park Village Elementary School Primary Regular 600 43 3
Kirby Middle School Middle Regular 869 57 3
Wagner High School High Regular 2,274 138 3

Park Village Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 43
3
GreatSchools Rating

Kirby Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$660
Property Tax -$400
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$73

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.

$179,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,197
1$1,1972$1,2003$1,3454$1,3705$1,425
$1,425
RENT COMPS ANALYSIS
  • 5894 Castle Run San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.72
    •  
  • 4407 Misty Springs Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1983
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,197
    • $0.72
    •  
  • 5807 Woodhill San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1971
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 5531 Merlin Dr San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 1968
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.71
    •  
  • 6818 Blue Lake Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1972
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.81
    •  
PROPERTY LISTING DETAILS
Frank Bailey
1.210.897.9074
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499853
Last Updated: 12/16/2020
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