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626 Cypresscliff Dr San Antonio, TX 78245

5 Beds 3 Baths 1,702 sqft Built 1986

INVESTimate

$192,000

List Price

$1,340

$1,206 - $1,474

Rent Est.

$205,939  ( +7.26%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $112.81
  • 9 Days on Market
  • MLS # : 1477832
  • Updated Date : 08/25/2020 at 22:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,702 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Nicely done home in Heritage Farms that is aimed to please! 2 story, Master on main floor and 3 bedrooms upstairs. Garage has been converted to a 5th bedroom, office, game room, 2nd living. Many options! Hard floors throughout, no carpet. Brand new windows throughout, new paint inside and out, all bathrooms are new, new light fixtures, new front door and door hardware throughout, pretty front yard landscape with gorgeous palm tree to greet you. Large backyard with patio. Raised garden beds to grow your own food or flowering gardens. Make it yours as you please, and go take a look today!

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$172,800$211,200$192,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$708
Property Tax -$435
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$28

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.

$192,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.26%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,630

INVESTMENT

$56,630

Down Payment
$48,000
Rehab Estimate
$5,750
Closing Costs
$2,880

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$708

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,000
Loan Amount $144,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,474

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
  • $0.79

    LIST RENT PER SQFT
  • $1,345

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3403$1,3504$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 626 Cypresscliff Dr San Antonio, 2
    • 5 beds 3 baths ∙ 1,702 Sqft ∙ Built 1986 5 beds 3 baths ∙ 1,702 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.79
    •  
  • 10363 Cedarbend Dr San Antonio, 1
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1986
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.76
    •  
  • 10462 Alpine Village San Antonio, 3
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 10303 Medallion St San Antonio, 4
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1979
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 9403 Hacienda Acres San Antonio, 5
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Danny Moman
1.210.501.3025
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477832
Last Updated: 08/25/2020
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