Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5993 Midcrown Dr San Antonio, TX 78218

3 Beds 2 Baths 1,519 sqft Built 2021

$204,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $134.89
  • 2 Days on Market
  • MLS # : 1495186
  • Updated Date : 11/14/2020 at 20:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,519 sqft
  • Baths : 2 full
Listing Agent

Center Point Realty Company

Listing Agent's Description

Randolph AFB, SAMMC, Fort Sam, DON'T WAIT TO BUILD! THIS NEW HOME IS AVAILABLE NOW AT A GREAT PRICE! TILE FLOORS IN ALL ROOMS EXCEPT BEDROOMS. SOLID COUNTER TOPS, RANGE AND MICROWAVE. HAS FOUR ZONE SPRINKLER SYSTEM ALSO!

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: Northeast Crossing

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Northeast Crossing

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
Hartman Elementary School Primary Regular 801 52 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Hartman Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 52
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$756
Property Tax -$457
Property Insurance -$115
HOA -$17
Property Management Fees -$99
CASH FLOW
-$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$204,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,299

INVESTMENT

$56,299

Down Payment
$51,225
Rehab Estimate
$2,000
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,2993$1,3304$1,5005$1,540
$1,540
RENT COMPS ANALYSIS
  • 5993 Midcrown Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.88
    •  
  • 4923 Heather Pass San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2005
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.84
    •  
  • 4938 Orchid Star San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 5902 Bridle Bend San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2017
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 7242 Hibiscus Falls San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.91
    •  
PROPERTY LISTING DETAILS
Howard Rhoder
1.210.857.6366
Center Point Realty Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495186
Last Updated: 11/14/2020
BESbswy