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6031 Sinclair Rd San Antonio, TX 78222

4 Beds 3 Baths 1,952 sqft Built 1977

$180,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $92.21
  • 2 Days on Market
  • MLS # : 1503169
  • Updated Date : 01/09/2021 at 21:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio two-story cul-de-sac home offers a two-car garage. This home is vacant and cleaned regularly.

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: Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6621456

* 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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
$194

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.

$180,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$16,564

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,425

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2953$1,2954$1,3955$1,460
$1,460
RENT COMPS ANALYSIS
  • 6031 Sinclair Rd San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.75
    •  
  • 5959 Autumn Lake San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 1979
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 5935 Sinclair Rd San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1977
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.73
    •  
  • 2907 Lakebriar St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1977
    property image
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.70
    •  
  • 5915 Lakedale St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1975
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503169
Last Updated: 01/09/2021
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