Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6623 Estes Flats San Antonio, TX 78242

3 Beds 2 Baths 1,304 sqft Built 2006

$169,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $130.29
  • 5 Days on Market
  • MLS # : 1493258
  • Updated Date : 11/05/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Kingsland Properties

Listing Agent's Description

SHOWINGS WILL START ON NOVEMBER 10TH. THANK YOU. This is a must-see, beautiful, well cared for home in a very desirable neighborhood; as you enter through the elegant entry door, you immediately notice a very open floor plan with a beautiful recessed ceiling and immediate access to the eat in-kitchen which includes high-end stainless steel appliances. The master bedroom is very spacious (fits a king-sized bed easily) its master bath has double sinks a shower/tub combination and a walk-in closet. The other 2 bedrooms are ready for your guests or your family. The yard includes a covered patio perfect for enjoying this beautiful weather; your favorite kids and you will enjoy the tree house which has a fun slide and 2 swings built around 2 beautiful trees. No back neighbors. Easy access to surrounding shopping (HEB, Walmart, convenience stores, Pharmacy and restaurants). Located near 410 south and HWY 90 West.

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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $58k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$627
Property Tax -$379
Property Insurance -$102
HOA -$19
Property Management Fees -$99
CASH FLOW
$64

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.

$169,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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-$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$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$8,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,301

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2503$1,2904$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 6623 Estes Flats San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.99
    •  
  • 6626 Walnut Valley Dr San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,186 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,186 Sqft ∙ Built 2006
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.03
    •  
  • 7110 Heathers Fld San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 7022 Heathers Pl San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 7027 Hallie Spirit San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2006
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sylvia Martinez
1.210.912.1162
Kingsland Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493258
Last Updated: 11/05/2020
BESbswy