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6330 Ridgehurst San Antonio, TX 78250

3 Beds 3 Baths 1,404 sqft Built 1985

$199,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $141.74
  • 5 Days on Market
  • MLS # : 1516091
  • Updated Date : 03/24/2021 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 3 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Welcome Home to this cozy two story home featuring 3 bdrms/3 full baths with a great floorplan! This home includes a floor-to-ceiling brick fireplace, separate dining area and nice covered deck to enjoy spring evenings and BBQ's with friends and family. This home is surrounded by mature trees and privacy fence. Subdivision has a great pool, playground, and much more! Come take a look!

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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Fernandez Elementary School Primary Regular 663 43 7
Zachry Middle School Middle Regular 1,076 64 4
Warren High School High Regular 3,052 176 7

Fernandez Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
7
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$691
Property Tax -$444
Property Insurance -$108
HOA -$24
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.

$199,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.8%
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

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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$1,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,316

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 6330 Ridgehurst San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,404 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 6214 Ridge Glade St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1990
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.99
    •  
  • 9283 Ridge Breeze San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1996
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 9550 Bare Back Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1997
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 6939 Misty Brook San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1997
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jonathan Colon
1.210.461.4211
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1516091
Last Updated: 03/24/2021
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