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6231 Luckey Run San Antonio, TX 78252

3 Beds 2 Baths 1,188 sqft Built 2011

$179,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $150.67
  • 2 Days on Market
  • MLS # : 1511421
  • Updated Date : 02/27/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Jb Goodwin, Realtors

Listing Agent's Description

THIS HOME IS MOVE IN READY!!! This charming 3/2/2 home has new carpet in the bedrooms, laminate flooring in the common areas, new interior paint, new stove, a water softener, new blinds, wired for a security system, a huge covered patio, and is located on a greenbelt! There are tons of amenities available, as well as an elementary school in the neighborhood.

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest San Antonio

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
Lacoste Elementary School Primary Regular 660 40 7
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Lacoste Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
7
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$622
Property Tax -$400
Property Insurance -$96
HOA -$30
Property Management Fees -$99
CASH FLOW
$64

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.

$179,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 2.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$6,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,307

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3253$1,3504$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 6231 Luckey Run San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.10
    •  
  • 11627 Luckey Vista San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2012
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.12
    •  
  • 6119 Luckey Run San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2011
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 11418 Country Cyn San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2009
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 5743 Texas Cyn San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2010
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
PROPERTY LISTING DETAILS
Debra Perez
1.830.446.1637
Jb Goodwin, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511421
Last Updated: 02/27/2021
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