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6243 Cypress Cir San Antonio, TX 78240

3 Beds 3 Baths 2,222 sqft Built 2003

$230,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $103.51
  • 3 Days on Market
  • MLS # : 1508424
  • Updated Date : 02/06/2021 at 02:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,222 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Boerne

Listing Agent's Description

3/2 1/2 Centex home located near USAA, Medical Center, Shopping, IH 10 West. Open floor plan, Game room 24x18, Freshly painted. Google Fiber ready.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eckhert Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k241k

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

Neighborhood: Eckhert Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451508

* 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
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

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

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$799
Property Tax -$513
Property Insurance -$155
HOA -$21
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 17% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.3%
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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$2,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6003$1,6004$1,7255$1,800
$1,800
RENT COMPS ANALYSIS
  • 6243 Cypress Cir San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.69
    •  
  • 8038 Cypress Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 8822 Lost Woods San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 1986
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 6303 Maverick Oak Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.74
    •  
  • 6259 Cypress Cir San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
PROPERTY LISTING DETAILS
Carol Woodward
1.210.823.0403
Keller Williams Boerne
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508424
Last Updated: 02/06/2021
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