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6210 Ridge Glade St San Antonio, TX 78250

3 Beds 3 Baths 1,404 sqft Built 1983

$179,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $128.13
  • 3 Days on Market
  • MLS # : 1498102
  • Updated Date : 12/04/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alexander Realty

Listing Agent's Description

Fall in love with this 3 bedroom 2.5 bath in the heart of the Great Northwest. Recent. Home is move in ready. Laundry room inside, with combo pantry/storage. All Bedrooms have walk in closets. French Doors lead to deck & covered patio with ceiling fan for entertaining. Solar screens on front windows. 2yr old HVAC unit and 5 year old roof.

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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Fernandez Elementary School Primary Regular 663 43 7
Zachry Middle School Middle Regular 1,076 64 4
Warren High School High Regular 3,052 176 7

Fernandez Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
7
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$664
Property Tax -$447
Property Insurance -$108
HOA -$24
Property Management Fees -$99
CASH FLOW
-$1

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.

$179,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.8%
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-$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$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,334

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3253$1,3404$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 6210 Ridge Glade St San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.95
    •  
  • 6215 Ridge Arbor St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1982
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.88
    •  
  • 6214 Ridge Glade St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.99
    •  
  • 9271 Ridge Breeze San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1995
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 6210 Ridge Sun St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1981
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
PROPERTY LISTING DETAILS
Edward Garcia
1.210.776.9441
Alexander Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498102
Last Updated: 12/04/2020
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