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5903 Lakedale St San Antonio, TX 78222

4 Beds 2 Baths 1,479 sqft Built 1975

$169,500

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $114.60
  • 3 Days on Market
  • MLS # : 1493675
  • Updated Date : 11/06/2020 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,479 sqft
  • Baths : 2 full
Listing Agent

Savvy Way Realty, Inc.

Listing Agent's Description

Gorgeous home! Feel the comfort of being at home in Lakeside . This home is on a spacious corner lot with beautiful mature trees and nice sized back yard. When you walk up to the home, you will see the updated exterior, upon entering the home you will walk into a open floor plan. Freshly textured/painted walls, updated hand scraped wood flooring in all living areas and bedrooms, beautiful granite counter tops with a subway tile covered back splash. Wet areas have new tile in the bathrooms. Oven/Stove, and microwave and dishwasher are stainless. The bathrooms have been updated as well with granite, tile, vessel sinks, hardware and more. The garage walls have been textured and painted. Stop by to take a look at the updated features on this home.

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: 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
 

$152,550$186,450$169,500

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$625
Property Tax -$378
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$25

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.

$169,500

PROJECTED PRICE

$1,240

PROJECTED RENT

0.73%

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$100k$200k$300k$400k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,668

INVESTMENT

$50,668

Down Payment
$42,375
Rehab Estimate
$5,750
Closing Costs
$2,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,375
Loan Amount $127,125
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$5,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,268

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2353$1,2404$1,2455$1,395
$1,395
RENT COMPS ANALYSIS
  • 5903 Lakedale St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.84
    •  
  • 5959 Autumn Lake San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1979
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 3323 Lake Tahoe St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1979
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.93
    •  
  • 2611 Lakeledge St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1974
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.75
    •  
  • 5911 Lake Nacoma St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1976
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Will Puente
1.281.608.6053
Savvy Way Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493675
Last Updated: 11/06/2020
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