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6315 Antares San Antonio, TX 78218

3 Beds 3 Baths 1,837 sqft Built 2021

$273,940

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $149.12
  • 1 Days on Market
  • MLS # : 1545237
  • Updated Date : 07/13/2021 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 2 full , 1 half
Listing Agent

Move Up America

Listing Agent's Description

The new construction Springfield boasts a two-story layout with a foyer leading into open gathering and dining spaces, plus upstairs loft. Additional features include granite countertops, stainless steel appliances and white 36" cabinets in kitchen, walk in shower in Owner bath, luxury vinyl in wet areas and main living space.

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: Royal Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Royal Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6791523

* 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
Royal Ridge Elementary School Primary Regular 629 41 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Royal Ridge Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
4
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
 

$246,546$301,334$273,940

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$952
Property Tax -$612
Property Insurance -$133
HOA -$38
Property Management Fees -$99
CASH FLOW
-$183

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$273,940

PROJECTED PRICE

$1,650

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,594

INVESTMENT

$74,594

Down Payment
$68,485
Rehab Estimate
$2,000
Closing Costs
$4,109

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,485
Loan Amount $205,455
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$389

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,6003$1,6504$1,7005$1,930
$1,930
RENT COMPS ANALYSIS
  • 6315 Antares San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 10519 Sonora Sunset San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.78
    •  
  • 10818 Indigo Creek San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 6119 Lowrie Block San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2016
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 6039 Royal Ridge San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2008
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.96
    •  
PROPERTY LISTING DETAILS
Clay Woodard
1.888.924.9949
Move Up America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545237
Last Updated: 07/13/2021
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