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6302 Maricopa San Antonio, TX 78239

4 Beds 2 Baths 1,722 sqft Built 1977

$214,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $124.80
  • 3 Days on Market
  • MLS # : 1502934
  • Updated Date : 01/08/2021 at 17:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

This beautifully renovated single story home is move-in ready and nestled in a private cul-de-sac. The open floor plan offers high vaulted ceilings, handsome wood laminate flooring, and a stone fireplace in the main living area. The eat-in kitchen is nicely appointed with white cabinetry, granite countertops, and attractive pendant and recess lighting. The large primary bedroom features a generous walk-in closet and a full bath. Step outside to the covered back patio that overlooks the large private yard, perfect for entertaining family and friends. Call us for more information. Same day showings available.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East 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
Windcrest Elementary School Primary Regular 665 45 3
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Windcrest Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 45
3
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$746
Property Tax -$480
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$22

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.

$214,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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$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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,253

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,3004$1,3005$1,430
$1,430
RENT COMPS ANALYSIS
  • 6302 Maricopa San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.83
    •  
  • 6511 Havenside Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1983
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.72
    •  
  • 8330 Hastings Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 6610 Woodford San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1972
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 6730 Leyland San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1973
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502934
Last Updated: 01/08/2021
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