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6527 Candlecane Cir San Antonio, TX 78244

4 Beds 2 Baths 1,789 sqft Built 2009

$190,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $106.20
  • 5 Days on Market
  • MLS # : 1492444
  • Updated Date : 10/31/2020 at 19:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,789 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$130
HOA -$23
Property Management Fees -$99
CASH FLOW
$63

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.

$190,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.76%

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

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,389

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,4954$1,5065$1,645
$1,645
RENT COMPS ANALYSIS
  • 6527 Candlecane Cir San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,789 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.80
    •  
  • 3035 Candleside Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,648 Sqft ∙ Built 2009
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 3322 Candlemoon Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2012
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 6427 Candleoak Circle San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,506
    • $0.82
    •  
  • 6523 Candlecrest Ct San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 2012
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
PROPERTY LISTING DETAILS
Christopher Salinas
1.806.470.2599
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492444
Last Updated: 10/31/2020
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