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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $107.01
- 4 Days on Market
- MLS # : 1502746
- Updated Date : 01/09/2021 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,196 sqft
- Baths : 2 full , 1 half
Listing Agent
Vortex Realty
Listing Agent's Description
Multiple Offers Received! Please submit highest and best offer by Sunday, January 10th, 5:00 p.m. This beautiful two-story home features three bedrooms and two and a half baths. The living room opens to an oversized kitchen. The kitchen includes an island and plenty of countertop space. The game room is perfect for entertaining. Freshly painted interior. Enjoy your private covered patio with no backside neighbors. Within minutes of Medical Center, UTSA, Shops at La Cantera. Easy access to 1604 and IH-10.
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: North San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$525 | |
| Property Insurance | -$154 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$116
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$235,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.11% |
| Appreciation Year (1-5) | 4.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.32% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
4.5
YEARS SAVED
$10,439
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
6110 Kingston Ranch San Antonio, TX 2
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $0.79
-
6007 Kingston Rnch San Antonio, TX 1
- 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2005
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
6002 Kingston Ranch San Antonio, TX 3
- 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2005
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,750
- $0.82
-
6135 Kingston Ranch San Antonio, TX 4
- 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.77
-
13307 Concordia Oak San Antonio, TX 5
- 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2005
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
PROPERTY LISTING DETAILS
1.210.884.0396
Vortex Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1502746
Last Updated: 01/09/2021
