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5902 Lubbers Way San Antonio, TX 78242

4 Beds 2 Baths 1,274 sqft Built 1978

$165,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $129.51
  • 3 Days on Market
  • MLS # : 1493568
  • Updated Date : 11/06/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

America Realty

Listing Agent's Description

Look me over! This beautiful home has much to offer and is dying to give it all. You will love the abundance of space immediately noticeable, from front yard, interior, to back yard. Home sits just right on the land. Immediately upon driving to your new home, you are greeted with a water feature to your left-great fen shui! Front yard is a blank canvas to include more landscape design into it if desired. Rebuilt drive way that leads to a generous 2 car garage. Open floor plan with large sliding door which brings in just the right amount of sunshine into the home. 4 nice size bedrooms with 2 full baths. Kitchen full line of new appliances including fridge! New washer and dryer=bonus. Enjoy a relaxing evening with family outside under the spectacular large patio cover. Clean lines and tasteful updates thru out. Best buy in Sky Harbor neighborhood and surrounding Lackland area. This beautiful home has it all and is move-in-ready. Today is a good day to visit. Tomorrow will be too late. Welcome home!

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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: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5481456

* 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
Sky Harbour Elementary School Primary Regular 649 42 5
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Sky Harbour Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 42
5
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 64
2
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$609
Property Tax -$368
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$47

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.

$165,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$2,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,143

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$9953$1,0954$1,1005$1,130
$1,130
RENT COMPS ANALYSIS
  • 5902 Lubbers Way San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,274 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,274 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.89
    •  
  • 8728 Port Of Call Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,276 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,276 Sqft ∙ Built 1985
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.76
    •  
  • 8603 White Star St San Antonio, TX 2
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.90
    •  
  • 8811 Catalina Bay San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.93
    •  
  • 9122 Ocean Gate St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,098 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,098 Sqft ∙ Built 1980
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lourdes Jacques
1.210.317.7850
America Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493568
Last Updated: 11/06/2020
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