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6539 Ithaca Frst San Antonio, TX 78239

3 Beds 3 Baths 1,582 sqft Built 2006

$199,500

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $126.11
  • 3 Days on Market
  • MLS # : 1493612
  • Updated Date : 11/07/2020 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Daniels & Daniels Real Estate

Listing Agent's Description

Spacious two story home. Entry features built-in shelving. Open floorplan. Living room with fireplace and high ceilings. Island kitchen with breakfast nook and tiled backsplash. French door leads to covered patio in large privacy fenced backyard with shed. Upstairs bedrooms--no carpet! Large master suite with full bath and extra large walk-in closet. Nice size secondary bedrooms. Two car attached garage. Great location with easy access to IH-35 and shops. Minutes to Fort Sam Houston and Randolph Air Force Base.

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: Royal Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Royal Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6791523

* 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
Royal Ridge Elementary School Primary Regular 629 41 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Royal Ridge Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

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

$179,550$219,450$199,500

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$736
Property Tax -$445
Property Insurance -$118
HOA -$21
Property Management Fees -$99
CASH FLOW
-$30

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.

$199,500

PROJECTED PRICE

$1,390

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.9%
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$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$736

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3903$1,3954$1,3955$1,425
$1,425
RENT COMPS ANALYSIS
  • 6539 Ithaca Frst San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.88
    •  
  • 6423 Ithaca Frst San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 10922 Indigo Crk San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2005
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 6426 Indigo Forest San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2005
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 6414 Ithaca Falls San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2006
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
PROPERTY LISTING DETAILS
Frances Daniels
1.210.875.9706
Daniels & Daniels Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493612
Last Updated: 11/07/2020
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