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6622 Kirk Way San Antonio, TX 78240

4 Beds 3 Baths 2,730 sqft Built 2003

$285,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $104.40
  • 7 Days on Market
  • MLS # : 1508864
  • Updated Date : 02/09/2021 at 03:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Welcome home!!! This beauty is well equipped to accommodate the most extravagant event planner, wedding coordinator, or MOM!! Over 2700sf maximizes the space downstairs as all bedrooms are up. Gorgeous heritage oak greets you upon homecoming and bids you adieu. New fence (3 sides) in huge backyard. No carpet here keeps the allergies muted. (check with webMD :) Schools are in close proximity to this home as well as access to San Antonio's traffic arteries. C'mon - view this one today!

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: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k239k

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

Neighborhood: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451565

* 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
Thornton Elementary School Primary Regular 700 46 6
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Thornton Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 46
6
GreatSchools Rating

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$990
Property Tax -$636
Property Insurance -$185
HOA -$13
Property Management Fees -$99
CASH FLOW
-$182

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.

$285,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6453$1,6504$1,7405$2,020
$2,020
RENT COMPS ANALYSIS
  • 6622 Kirk Way San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.64
    •  
  • 9119 Maverick Pass San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 9511 Maverick Pt San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1997
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.65
    •  
  • 6427 Lost Holly San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 1987
    property image
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 6443 Lionheart Park San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,977 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,977 Sqft ∙ Built 2012
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.68
    •  
PROPERTY LISTING DETAILS
Fred Santangelo
1.210.710.1177
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508864
Last Updated: 02/09/2021
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