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6027 Opal Falls San Antonio, TX 78222

4 Beds 3 Baths 2,479 sqft Built 2011

$230,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $92.78
  • 3 Days on Market
  • MLS # : 1512543
  • Updated Date : 03/07/2021 at 03:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,479 sqft
  • Baths : 3 full
Listing Agent

Texas Premier Realty

Listing Agent's Description

NEW Carpet at Entire Second Level. NEW Modern Grey Tile at Kitchen/Dining/Study. Freshly Painted Interior. Several Upgraded Light Fixtures. 4 Bedrooms + 3 Full Bathrooms + Study/Formal Dining + Game Room (Upstairs) + Media Room/Flex Room (Downstairs). Extended Covered Patio Overlooks Huge Backyard. Gas Cooking + S/S Built-In Microwave at Kitchen. Expansive Primary Suite w/Massive Walk-In Closet. Primary Bathroom Features Separate Garden Tub & Shower Plus Double Vanities. Study Could Also Be Formal Dining Room. Main Level Media Room, ("Flex Room"), Could Make A Great Home-Gym/Home-School Space/Play Room & More. Sparkling Clean. Freshly Washed Windows. This Home is MOVE-IN READY. Schedule Your Private Showing Today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$799
Property Tax -$513
Property Insurance -$170
HOA -$35
Property Management Fees -$99
CASH FLOW
$163

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.

$230,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.77%

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$14,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,7504$1,7805$1,830
$1,830
RENT COMPS ANALYSIS
  • 6027 Opal Falls San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.72
    •  
  • 3542 Glacier Lk San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 5906 Cinnabar Cove San Antonio, TX 2
    • 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.71
    •  
  • 5507 Azurite Trail San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 6031 Tanzanite Rim San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.74
    •  
PROPERTY LISTING DETAILS
Tanya Ramos
1.210.931.5600
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512543
Last Updated: 03/07/2021
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