Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6323 Santee San Antonio, TX 78240

3 Beds 2 Baths 1,343 sqft Built 1986

$190,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $141.47
  • 3 Days on Market
  • MLS # : 1511052
  • Updated Date : 02/26/2021 at 06:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 2 full
Listing Agent

Harvest Real Estate

Listing Agent's Description

You will fall in love with this charming home with mature trees on lot with country views minutes from the medical center. The home has 3 bedrooms 2 full bathrooms, large living room with tall ceilings, fireplace, and updated flooring. This is a great opportunity to add some of your own upgrades and have instant equity in this sought after 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: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k230k

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

Neighborhood: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Neff Middle School Middle Regular 1,211 81 3
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

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

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Marshall High School

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

$171,000$209,000$190,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$660
Property Tax -$424
Property Insurance -$105
HOA -$26
Property Management Fees -$99
CASH FLOW
$66

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.

$190,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.9%
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-$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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$8,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,4004$1,4755$1,525
$1,525
RENT COMPS ANALYSIS
  • 6323 Santee San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.03
    •  
  • 6050 Bantry Bay San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 1997
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 7706 Bay Berry San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1985
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 7215 Poss Rd San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.03
    •  
  • 6210 Crab Orch San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lindsay Barnett
1.615.719.5545
Harvest Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511052
Last Updated: 02/26/2021
BESbswy