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6426 Beech Trail Dr San Antonio, TX 78109

3 Beds 3 Baths 1,698 sqft Built 1994

$178,800

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $105.30
  • 2 Days on Market
  • MLS # : 1495216
  • Updated Date : 11/15/2020 at 05:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vip Realty

Listing Agent's Description

Professionally painted inside and out. Mini blinds on all windows. Ceiling fans in all rooms. Cement patio slab. No carpet on first floor. All bedrooms upstairs. Laundry room inside. Walking distance to Elolf Elementary. House is near the end of Beech Trail, little through traffic. Large yard 50x120. Move in ready. $15k down payment assistance for first time home buyers with qualifying income.

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: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Meadowbrook

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
Elolf Elementary School Primary Regular 705 45 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Elolf Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 45
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$160,920$196,680$178,800

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$660
Property Tax -$399
Property Insurance -$125
HOA -$15
Property Management Fees -$99
CASH FLOW
$33

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.

$178,800

PROJECTED PRICE

$1,330

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,132

INVESTMENT

$53,132

Down Payment
$44,700
Rehab Estimate
$5,750
Closing Costs
$2,682

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,700
Loan Amount $134,100
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,2953$1,2954$1,3305$1,450
$1,450
RENT COMPS ANALYSIS
  • 6426 Beech Trail Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.78
    •  
  • 6419 Beech Trail Dr Converse, TX 1
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.74
    •  
  • 8174 Ocean Meadow Dr Converse, TX 2
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 8116 Ocean Meadow Dr Converse, TX 3
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 8150 Ocean Meadow Dr Converse, TX 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Emma Burney
1.210.787.0988
Vip Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495216
Last Updated: 11/15/2020
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