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6547 Fledgely Way San Antonio, TX 78245

3 Beds 3 Baths 1,252 sqft Built 2019

$194,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $155.67
  • 19 Days on Market
  • MLS # : 1490634
  • Updated Date : 11/07/2020 at 04:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full , 1 half
Listing Agent

Infinity Real Estate

Listing Agent's Description

Come see this immaculately maintained 3 bed / 2.5 bath two story residence in Luckey Ranch. This home welcomes you in with a spacious living/dining room and stylish kitchen with granite counter tops and plenty of cabinet space. Cozy master bedroom with serene master bath. Wide backyard with privacy fence. Appliances included (Refrigerator, stove, microwave, dishwasher). Don't miss out on this great offer!

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest 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
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$719
Property Tax -$435
Property Insurance -$99
HOA -$30
Property Management Fees -$99
CASH FLOW
-$103

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$194,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 2.0%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,649

INVESTMENT

$53,649

Down Payment
$48,725
Rehab Estimate
$2,000
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,127

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3953$1,3954$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 6547 Fledgely Way San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,252 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,252 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.02
    •  
  • 12135 Luckey Summit San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 6614 Luckey Pine San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 6619 Luckey Sq San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2014
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 12311 Fish Hook San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jose Garcia
1.210.849.0685
Infinity Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1490634
Last Updated: 11/07/2020
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