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6331 Tally Gate San Antonio, TX 78240

3 Beds 3 Baths 1,679 sqft Built 1985

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $134.01
  • 2 Days on Market
  • MLS # : 1511428
  • Updated Date : 02/28/2021 at 00:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,679 sqft
  • Baths : 2 full , 1 half
Listing Agent

Us Homes Realty.com

Listing Agent's Description

Clean and nice home, master bedroom downstairs , no carpet, open kitchen, amenity center have swimming pool, mature trees and big back yard with plenty of natural shadow, 2 car garage with separate door and remote control. Ceramic tile downstairs and clean and nice laminate flooring upstairs.

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$782
Property Tax -$502
Property Insurance -$124
HOA -$26
Property Management Fees -$99
CASH FLOW
$77

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,5954$1,5955$1,610
$1,610
RENT COMPS ANALYSIS
  • 6331 Tally Gate San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.96
    •  
  • 6207 John Chapman San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 6110 Broadmeadow San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 7738 Bay Berry San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 6334 Crab Orchard San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1986
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Francisco Garcia
1.210.737.1220
Us Homes Realty.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511428
Last Updated: 02/28/2021
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