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5947 Smoky Quartz San Antonio, TX 78222

4 Beds 3 Baths 1,918 sqft Built 2007

$215,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $112.10
  • 3 Days on Market
  • MLS # : 1499402
  • Updated Date : 12/12/2020 at 05:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,918 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Great home in Blue Rock Springs with lots to offer including all new interior paint, all new carpet upstairs, and new flooring in master bath. You will love this floor plan with its tall entryway filled with natural light that leads you into a spacious living area with wood laminate floors that opens to a good-sized kitchen. Separate dining room could also be used as a home office. Upstairs you will find a spacious master with a dual vanity bathroom and large walk-in closet. Three secondary bedrooms with one that has the option to be converted into an open game room. Fridge, washer, and dryer are all included! Big backyard great for those looking for space for pets or to enjoy time outside, plus a covered patio and covered front porch. You will love the community of Blue Rock Springs with its walking trails and playgrounds and a location that is minutes away from Loop 410 and other major highways. Come fall in love and take a tour 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: Southeast San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southeast San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6641456

* 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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$793
Property Tax -$480
Property Insurance -$138
HOA -$38
Property Management Fees -$99
CASH FLOW
$13

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.

$215,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 1.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$5,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,429
1$1,4292$1,4753$1,5254$1,5505$1,560
$1,560
RENT COMPS ANALYSIS
  • 5947 Smoky Quartz San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.81
    •  
  • 3935 Southern Bluff San Antonio, TX 1
    • 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 2007
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,429
    • $0.76
    •  
  • 5923 Pearl Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 2012
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 5903 Imperial Topaz San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 2006
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.80
    •  
  • 5907 Pearl Pass San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2013
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Grant Lopez
1.210.865.6129
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499402
Last Updated: 12/12/2020
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