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6514 Estes Flats San Antonio, TX 78242

3 Beds 2 Baths 1,304 sqft Built 2006

$180,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.04
  • 4 Days on Market
  • MLS # : 1508142
  • Updated Date : 02/05/2021 at 04:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Affinity Real Estate Brokerage

Listing Agent's Description

Great starter 3 bed room 2 bath home with all brick exterior. Spacious open floor plan with tall tray ceiling. Living area and kitchen have custom flooring. Master area has double vanity and spacious walk in closet. Home has easy access to 410 and 35, HEB, Walmart, golds gym, and skate park. Please verify all measurements and school info.

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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $58k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$102
HOA -$23
Property Management Fees -$99
CASH FLOW
-$32

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.

$180,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$2,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,278

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,2204$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 6514 Estes Flats San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.94
    •  
  • 6415 Heathers Run San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 2007
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
  • 6643 Sabine Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2005
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 7110 Heathers Fld San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 6303 Deer Valley Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2012
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
PROPERTY LISTING DETAILS
Mark Ramos
1.210.875.2337
Affinity Real Estate Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508142
Last Updated: 02/05/2021
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