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638 Las Puertas San Antonio, TX 78245

4 Beds 3 Baths 2,399 sqft Built 2000

$225,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $93.79
  • 2 Days on Market
  • MLS # : 1495194
  • Updated Date : 11/14/2020 at 22:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,399 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Gist Group

Listing Agent's Description

This one is worth the look!! - You will love the huge room sizes of this spacious 2-story 4/2.5 home in El Sendero. Close to JBSA Lackland, HWY 151 (SeaWorld), near shopping and restaurants and all points West. Easy walk to Wheeler Park and the Duck Pond. Living and Dining, plus Family room with Fireplace and kitchen are all down and flow together. Luxury Vinyl Plank that looks like wood and Tile that's easy to care for - the wood continues on the stairs with carpet in the master. Enjoy the large kitchen, lots of cabinets, super large pantry/laundry room combo, Large backyard with a concrete slab for playing, entertaining, or future covered patio/addition. Large storage shed for your extra stuff. Clean and move-in ready.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Hatchett Elementary School Primary Regular 841 53 5
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Hatchett Elementary School

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 53
5
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$165
HOA -$15
Property Management Fees -$99
CASH FLOW
-$61

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

$1,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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-$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$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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5754$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 638 Las Puertas San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.65
    •  
  • 405 Centroloma St San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 714 Las Puertas San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2000
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 526 Tres Caminos San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2002
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 823 Cormorant San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2010
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
PROPERTY LISTING DETAILS
Zip Gist
1.210.780.7601
The Gist Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495194
Last Updated: 11/14/2020
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