Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6522 San Miguel Way San Antonio, TX 78109

3 Beds 3 Baths 1,909 sqft Built 2010

$214,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $112.57
  • 3 Days on Market
  • MLS # : 1514021
  • Updated Date : 03/13/2021 at 06:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full , 1 half
Listing Agent

Liberty Management, Inc.

Listing Agent's Description

YouTube video tour link: https://www.youtube.com/watch?v=9VGGdjSOQLc A must-see stunning TURNKEY HOME!!! Located in the great community of HORIZON POINTE Subdivision is this 1909 sq ft newly renovated gem that comes with 3 bedrooms and 2.5 bathrooms. Adorned with NEW LUXURY VINYL PLANKS and ceramic tiles on the first floor, NEW CARPETS upstairs, FRESH NEUTRAL PAINT, ceiling fans, and blinds throughout, this home will NOT fail to impress. Its kitchen boasts an island, complete kitchen appliances, granite counter tops, and plenty of cabinets for storage. Upstairs you will find the master bedroom and 2 great sized bedrooms. Master bedroom features a walk-in closet, shower/tub combo, and a dual vanity. The home's fenced backyard is perfect for weekend BBQs and entertaining. Near Fort Sam Houston and Randolph AFB. With quick access to 410, I-10.****FRIDGE AND FRONT LOAD WASHER/DRYER INCLUDED!!!****

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
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
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$746
Property Tax -$480
Property Insurance -$137
HOA -$25
Property Management Fees -$99
CASH FLOW
$43

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.

$214,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.71%

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

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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$5,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5303$1,5504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 6522 San Miguel Way San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.80
    •  
  • 2334 Cats Paw View Converse, TX 1
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2011
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6703 Terra Ark View Converse, TX 3
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2018
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 2811 Del Mar Way Converse, TX 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2016
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 6826 San Miguel Way Converse, TX 5
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2018
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mark Fee
1.210.618.9161
Liberty Management, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514021
Last Updated: 03/13/2021
BESbswy