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6514 Candlebrite Dr San Antonio, TX 78244

4 Beds 3 Baths 2,128 sqft Built 2010

$205,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $96.33
  • 3 Days on Market
  • MLS # : 1494882
  • Updated Date : 11/14/2020 at 01:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Contemporary and immaculate kept home shows like a model home. Interior features bright and open floor plan with high ceilings, master suite downstairs, gas heating and cooking, 4th Bedroom/Media room upstairs, all secondary bedrooms upstairs. Exterior features sprinkler system front and back, beautifully landscaped yard back and front, home is close to shopping, entertainment, Randolph Air force base, Fort Sam Houston, SAMC.

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: Candlewood

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Candlewood

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
Candlewood Elementary School Primary Regular 670 49 2
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Candlewood Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 49
2
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$756
Property Tax -$458
Property Insurance -$150
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 18% of earned rent to cover both maintenance and periods of vacancy.

$205,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5004$1,5405$1,645
$1,645
RENT COMPS ANALYSIS
  • 6514 Candlebrite Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.72
    •  
  • 6534 Candlebrite Dr San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 3111 Candleside Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2009
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 6515 Candlebrite Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 3314 Candleside Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2011
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.77
    •  
PROPERTY LISTING DETAILS
Leroy Romo
1.210.382.6923
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494882
Last Updated: 11/14/2020
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