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6606 Arbor Meadow Rd San Antonio, TX 78256

3 Beds 3 Baths 2,205 sqft Built 1997

$310,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $140.59
  • 5 Days on Market
  • MLS # : 1492325
  • Updated Date : 10/30/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Move in ready home in the highly desirable Crownridge! High ceilings, wood floors, and classic elegance. Model perfect home with gorgeous chef's kitchen featuring gas cooking, stainless steel appliances, granite counters, walk-in pantry, and custom cabinets. Entertain over the holidays in your beautiful classic dining room. You will fall in love with the master suite! Master is super spacious and has tray ceiling, updated bath with separate glass shower, garden tub, and walk-in closet. French doors lead to a huge entertainment deck. Neighborhood amenities include pool, tennis, and club-house. Fantastic location in NISD. This home will wow you! Do not miss out! PLEASE SEE ATTACHED VIRTUAL HOME TOUR: https://my.matterport.com/show/?m=yKsbTdyjdga&mls=1

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: Crownridge of Texas

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $86k441k

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

Neighborhood: Crownridge of Texas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8452711

* 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
Ellison Elementary School Primary Regular 469 33 NA
Hector Garcia Middle School Middle Regular 1,483 85 9
Brandeis High School High Regular 2,593 149 8

Ellison Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 33
NA
GreatSchools Rating

Hector Garcia Middle School

  • Education Level: Middle
  • # of students: 1,483
  • # of teachers: 85
9
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,144
Property Tax -$692
Property Insurance -$154
HOA -$17
Property Management Fees -$99
CASH FLOW
$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,070
1$2,0702$2,2003$2,2004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 6606 Arbor Meadow Rd San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 19102 Mazattan Way San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1990
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.92
    •  
  • 6618 Morning Shadow Ln San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1988
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
  • 6943 Washita Way San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1986
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
  • 54 Ventana Pkwy San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,332 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,332 Sqft ∙ Built 2005
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
PROPERTY LISTING DETAILS
Shane Neal
1.210.982.0405
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492325
Last Updated: 10/30/2020
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