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6039 Tanzanite Rim 
San Antonio, TX
78222
4 Beds 3 Baths 2,271 sqft
Built 2011
INVESTimate
$220,000
List Price
$64,050
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PROPERTY INFO
FACTS
- Built In 2011
- Price/Sqft : $96.87
- 3 Days on Market
- MLS # : 1478944
- Updated Date : 08/24/2020 at 16:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,271 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Heritage
Listing Agent's Description
Beautiful two story home ready for a new owner in Blue Rock Springs. Minutes away from shopping areas and close to major highways. This tranquil community has a great country feel as it is truly on the outskirts of town. Beautiful open kitchen with Granite counter-tops with gas range. Enjoy the Master bedroom with spa like bathroom with separate garden tub and walk in shower! Plus, it is located downstairs! Come and see this home before its too late.
SEE MORE
- 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: Southeast San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southeast San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$491 | |
| Property Insurance | -$158 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$47
|
||
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.
$220,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 1.57% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
1.67
YEARS SAVED
$2,932
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,709
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
6039 Tanzanite Rim San Antonio, 1
- 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $0.68
-
3542 Glacier Lk San Antonio, 2
- 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,625
- $0.70
-
5507 Azurite Trail San Antonio, 3
- 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2012
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.77
-
5906 Cinnabar Cove San Antonio, 4
- 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2007
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,825
- $0.80
-
6031 Tanzanite Rim San Antonio, 5
- 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2011
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,830
- $0.74
PROPERTY LISTING DETAILS
1.210.387.9404
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1478944
Last Updated: 08/24/2020
