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6038 Cielo Ranch San Antonio, TX 78218

3 Beds 2 Baths 1,740 sqft Built 2013

$219,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $125.86
  • 21 Days on Market
  • MLS # : 1500630
  • Updated Date : 01/01/2021 at 06:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

HOME FEATURES OPEN LAYOUT, ON A LARGE CORNER LOT, CERAMIC TILE IN ALL WET AREAS, CERAMIC TILE BACKSPLASH, CABLE OUTLETS IN EVERY ROOM, TECHSHIELD ROOF DECKING, RECESS CAN LIGHTS, 9' VAULTED CEILINGS ACROSS PLAN, CROWN MOLD SURROUND ON KITCHEN CABINET 36" UPPERS, DUAL VAINITY IN MASTER BATH WITH MARBLE COUNTERS! Located just minutes from Ft. Sam Houston, BAMC, Randolph Air Force Base.

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
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$761
Property Tax -$489
Property Insurance -$128
HOA -$13
Property Management Fees -$99
CASH FLOW
-$89

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.

$219,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.64%

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

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$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3253$1,4004$1,4005$1,600
$1,600
RENT COMPS ANALYSIS
  • 6038 Cielo Ranch San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 4938 Orchid Star San Antonio, TX 1
    • 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
    •  
  • 7343 Azalea Sq San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2010
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.75
    •  
  • 4935 Dahlia Terrace San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2006
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 7210 Cozy Run San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2017
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Denver Lambuth
1.210.698.2050
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500630
Last Updated: 01/01/2021
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