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6006 Autumn Palms San Antonio, TX 78242

4 Beds 2 Baths 1,606 sqft Built 2019

$190,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $118.31
  • 6 Days on Market
  • MLS # : 1495589
  • Updated Date : 11/18/2020 at 03:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This lovely 2-story home features open concept living with 4 bedrooms and 2 baths. The master suite is nestled in the back corner of the home for optimum privacy. The kitchen and Dining room open up to a great sized living area. Three additional bedrooms are located upstairs along with a full bath. Huge backyard for some nice outdoor entertaining. Less than 5 minutes from Lackland AFB. This spacious 1,606 sq. ft. home is waiting for you!

SEE MORE

MARKET HIGHLIGHTS

  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $58k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Five Palms Elementary School Primary Regular 382 24 4
Alan B. Shepard Middle School Middle Regular 638 40 2
South San Antonio High School High Regular 2,421 147 3

Five Palms Elementary School

  • Education Level: Primary
  • # of students: 382
  • # of teachers: 24
4
GreatSchools Rating

Alan B. Shepard Middle School

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 40
2
GreatSchools Rating

South San Antonio High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 147
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$120
HOA -$17
Property Management Fees -$99
CASH FLOW
$59

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.

$190,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,350

INVESTMENT

$52,350

Down Payment
$47,500
Rehab Estimate
$2,000
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,301

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,2954$1,4205$1,445
$1,445
RENT COMPS ANALYSIS
  • 6006 Autumn Palms San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.88
    •  
  • 6706 Dragon Fire San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2005
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.78
    •  
  • 6818 Cougar Paw San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2007
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.82
    •  
  • 6702 Walnut Valley Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,593 Sqft ∙ Built 2006
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 6815 Cougar Clf San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2007
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.83
    •  
PROPERTY LISTING DETAILS
Nathaniel Garcia
1.210.573.6884
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495589
Last Updated: 11/18/2020
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