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6611 Luckey Path San Antonio, TX 78252

3 Beds 2 Baths 1,404 sqft Built 2012

$199,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $141.74
  • 3 Days on Market
  • MLS # : 1498136
  • Updated Date : 12/04/2020 at 20:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Come see this charming one-story home in Luckey Ranch! This well-kept 3 bedroom, 2 bath has an open floor plan living space with a great kitchen boasting of white cabinets and granite countertops. Your Master Suite features a walk-in closet, oversized single vanity, corner garden tub and separate standing shower. Relax and enjoy the fresh air in privacy on your covered patio overlooking your large backyard with room for projects or play time. Experience premium neighborhood amenities like a private fishing lake with an extended dock, lakeside park with a splash pad, full-size basketball court, baseball and soccer fields, miles of walking trails, and more! Remote-controlled ceiling fans in living area and all bedrooms. Black Whirlpool refrigerator in garage, 2 retractable shades on back patio, and keyless entry to convey. Entire fence replaced in 2019 and back patio expanded & stamped in 2019! Medina Valley ISD. Conveniently located minutes from 1604, Sea World, & JBSA-Lackland AFB.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
Lacoste Elementary School Primary Regular 660 40 7
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Lacoste Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
7
GreatSchools Rating

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
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$734
Property Tax -$444
Property Insurance -$108
HOA -$30
Property Management Fees -$99
CASH FLOW
$54

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.

$199,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.74%

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) 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$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$8,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4703$1,4804$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 6611 Luckey Path San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.05
    •  
  • 11427 Luckey Ledge San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 6615 Luckey Sq San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.05
    •  
  • 6620 Rosenthal Pass San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2019
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 12243 Siragusa San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Shane Tracey
1.210.627.7295
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498136
Last Updated: 12/04/2020
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