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6531 Candlearch Cir San Antonio, TX 78244

4 Beds 3 Baths 2,280 sqft Built 2009

$194,500

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $85.31
  • 4 Days on Market
  • MLS # : 1495852
  • Updated Date : 11/19/2020 at 16:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

FOUR-Bedroom home on Cul-de-sac built in 2009 and listed for UNDER 200K ! LARGE fenced back yard. Level lot. Wooden back deck. Subdivision has a Mandatory HOA, which insures pride in ownership is maintained. Easy access to IH-35 and IH10 East. Walking distance to Wagner high school. Shades of brown & beige Frizzeah' carpeting installed Nov. of 2020 and very striking against recently painted walls. All bedrooms are up along with 2 full bathrooms. Pull-down storage. Fridge conveys. Move-in ready.

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: 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
 

$175,050$213,950$194,500

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$718
Property Tax -$434
Property Insurance -$159
HOA -$23
Property Management Fees -$99
CASH FLOW
$68

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.

$194,500

PROJECTED PRICE

$1,500

PROJECTED RENT

0.77%

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$57,293

INVESTMENT

$57,293

Down Payment
$48,625
Rehab Estimate
$5,750
Closing Costs
$2,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$718

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,625
Loan Amount $145,875
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,568

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 6531 Candlearch Cir San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 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
    •  
  • 3633 Candleknoll Circle San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1992
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.65
    •  
  • 3007 Candleside Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2008
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
PROPERTY LISTING DETAILS
Laurel Lewis
1.210.663.0266
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 #: 1495852
Last Updated: 11/19/2020
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