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6423 Wind Canyon San Antonio, TX 78239

5 Beds 3 Baths 2,959 sqft Built 2016

$280,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $94.63
  • 3 Days on Market
  • MLS # : 1508318
  • Updated Date : 02/05/2021 at 20:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,959 sqft
  • Baths : 2 full , 1 half
Listing Agent

Commonwealth Realty

Listing Agent's Description

The home only 3 years old. Open floor plan with a gorgeous gourmet kitchen with recess panel maple cabinets, stainless steel whirlpool appliances, and built in double ovens. The home has modern light fixtures, ceramic tile and hardwood engineered laminate wood floors in the wet areas. The home includes an upgraded front modern stained entry door. It has a large living area with a cozy fireplace. Master bedroom bathroom has 42" tub/shower. Huge game room and large bedrooms. Home has 9ft ceilings. It also sits on an oversize lot. The community has walking trails and a park. The home needs only paint and carpet seller will not do any repairs and selling as is. Seller is motivated. Thank you for showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Windcrest Elementary School Primary Regular 665 45 3
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Windcrest Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 45
3
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$973
Property Tax -$625
Property Insurance -$198
HOA -$24
Property Management Fees -$99
CASH FLOW
$2

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$4.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6253$1,7004$1,8005$1,920
$1,920
RENT COMPS ANALYSIS
  • 6423 Wind Canyon San Antonio, TX 5
    • 5 beds 3 baths ∙ 2,959 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,959 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.65
    •  
  • 5931 Fort Laramie San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.56
    •  
  • 6509 Woodbell Live Oak, TX 2
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2006
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.56
    •  
  • 9178 Wind Terrace San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 2013
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.59
    •  
  • 1919 Ponce De Leon Windcrest, TX 4
    • 4 beds 2 baths ∙ 3,136 Sqft ∙ Built 2009 4 beds 2 baths ∙ 3,136 Sqft ∙ Built 2009
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.57
    •  
PROPERTY LISTING DETAILS
Monica Rodriguez
1.210.535.6939
Commonwealth Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508318
Last Updated: 02/05/2021
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