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6527 Falcons Height San Antonio, TX 78233

3 Beds 3 Baths 1,697 sqft Built 2003

$210,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $123.75
  • 7 Days on Market
  • MLS # : 1506005
  • Updated Date : 01/25/2021 at 23:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio two-story home offers a two-car garage. This home is vacant and cleaned regularly.

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: Valley Forge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Valley Forge

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
Woodstone Elementary School Primary Regular 857 51 3
Wood Middle School Middle Regular 1,042 65 4
Roosevelt High School High Regular 2,916 186 4

Woodstone Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 51
3
GreatSchools Rating

Wood Middle School

  • Education Level: Middle
  • # of students: 1,042
  • # of teachers: 65
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$189,000$231,000$210,000

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 -$729
Property Tax -$469
Property Insurance -$125
HOA -$17
Property Management Fees -$99
CASH FLOW
$1

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.

$210,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.0%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,025

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
  • $0.85

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4404$1,4755$1,575
$1,575
RENT COMPS ANALYSIS
  • 6527 Falcons Height San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.85
    •  
  • 6611 Cibola Forest San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 2006
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.92
    •  
  • 13227 Chavez Circle San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2004
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 12915 Thomas Sumter St San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2006
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 6602 Nora Vista Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2003
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506005
Last Updated: 01/25/2021
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