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6019 Plumbago Pl San Antonio, TX 78218

3 Beds 3 Baths 2,652 sqft Built 2007

$239,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $90.12
  • 20 Days on Market
  • MLS # : 1504829
  • Updated Date : 02/06/2021 at 19:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,652 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rubiola Realty

Listing Agent's Description

Beautiful, bright and open floor plan with a spacious and comfortable living room with crown molding and nicely appointed. Open Island kitchen with all appliances included in sales price. All bedrooms and game room upstairs, with large and cozy master suite and large private bathroom as well as walk-in closets. Beautifully landscaped back yard with citrus trees and rose bushes as well as covered patio. Near Fort Sam, SAMC and Randolph AFB. Cherished Northeast School District.

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: 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
Camelot Elementary School Primary Regular 558 39 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Camelot Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 39
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$215,100$262,900$239,000

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 -$830
Property Tax -$534
Property Insurance -$180
HOA -$15
Property Management Fees -$99
CASH FLOW
-$98

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.

$239,000

PROJECTED PRICE

$1,560

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) 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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,234

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
  • $0.59

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5603$1,6954$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6019 Plumbago Pl San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.59
    •  
  • 4934 Orchid Star San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2004
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.60
    •  
  • 5927 Cielo Ranch San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2014
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 5822 Cielo Ranch San Antonio, TX 4
    • 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2013
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 7134 Hibiscus Falls San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2017
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
PROPERTY LISTING DETAILS
Louis Rubiola
1.210.379.5900
Rubiola Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504829
Last Updated: 02/06/2021
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