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6423 Ruffled Grouse San Antonio, TX 78233

3 Beds 2 Baths 1,017 sqft Built 2006

$148,500

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.02
  • 6 Days on Market
  • MLS # : 1503819
  • Updated Date : 01/15/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,017 sqft
  • Baths : 2 full
Listing Agent

Key Home Realty

Listing Agent's Description

Wonderful home located in the NEISD school district. Easy access to Wurzbach ParkWy & Airport. Quite Cul de Sac lot. Upgraded Privacy Fence.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Fox Run Elementary School Primary Regular 834 52 8
Wood Middle School Middle Regular 1,042 65 4
Madison High School High Regular 3,364 190 5

Fox Run Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 52
8
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$133,650$163,350$148,500

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$516
Property Tax -$332
Property Insurance -$86
HOA -$17
Property Management Fees -$99
CASH FLOW
$151

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.

$148,500

PROJECTED PRICE

$1,200

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,103

INVESTMENT

$45,103

Down Payment
$37,125
Rehab Estimate
$5,750
Closing Costs
$2,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$516

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,125
Loan Amount $111,375
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$12,508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,014

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2504$1,2955$1,329
$1,329
RENT COMPS ANALYSIS
  • 6423 Ruffled Grouse San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,017 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,017 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.18
    •  
  • 6422 Melanzane Ave San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,225 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,225 Sqft ∙ Built 2015
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
  • 5418 Champions Hill Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1998
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 5440 Villa Mercedes San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1999
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 5428 Villa Mercedes San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1999
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,329
    • $1.00
    •  
PROPERTY LISTING DETAILS
Chris Pinkston
1.210.860.1700
Key Home Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503819
Last Updated: 01/15/2021
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