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6131 Ashford Point Dr San Antonio, TX 78240

3 Beds 2 Baths 1,455 sqft Built 1992

$205,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $140.89
  • 3 Days on Market
  • MLS # : 1498216
  • Updated Date : 12/05/2020 at 01:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,455 sqft
  • Baths : 2 full
Listing Agent

Texas Premier Realty

Listing Agent's Description

Click on the Virtual 360 Tour Link. Located in the heart of the medical center this home is in close proximity to USAA and UTSA making it ideal for a college or medical student, a USAA employee, or a medical professional with easy access to shopping and restaurants. Featuring a one-story open floor plan with tile and wood flooring throughout as well as gas cooking with granite countertops and lots of cabinet space will make you want to see your future home as soon as possible. The Refrigerator, Washer, and Dryer will remain for you to enjoy. Please abide by CDC guidelines when viewing the home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Pheasant Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k243k

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

Neighborhood: Pheasant Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451551

* 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
Rhodes Elementary School Primary Regular 650 40 5
Neff Middle School Middle Regular 1,211 81 3
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 40
5
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$756
Property Tax -$458
Property Insurance -$111
HOA -$16
Property Management Fees -$99
CASH FLOW
-$20

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.

$205,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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$8.0k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,542

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5003$1,5754$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 6131 Ashford Point Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.98
    •  
  • 7734 Red Hill Pl San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1985
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 6162 John Chapman San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1985
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.09
    •  
  • 6110 Broadmeadow San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 6362 Parkland Oaks Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1994
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
PROPERTY LISTING DETAILS
Alejandro Perches
1.210.833.9470
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498216
Last Updated: 12/05/2020
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