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6630 Fontana Pt San Antonio, TX 78240

3 Beds 2 Baths 1,688 sqft Built 1999

$250,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $148.10
  • 4 Days on Market
  • MLS # : 1510805
  • Updated Date : 02/27/2021 at 02:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full
Listing Agent

Kuper Sotheby's Int'l Realty

Listing Agent's Description

Beautifully updated 1 story home nestled amidst lush landscaping on one of the best lots in neighborhood. Soaring ceilings, a wall of windows and laminated wood floors welcome you to a meticulously maintained and constructed home. The kitchen impresses with gas cooking, rich granite counters, SS appliances & custom backsplash. Master bath with seamless glass shower, double vanity and a separate soaking tub. Relax in the serene backyard complete with oversized patio and plenty of private, landscaped space with no rear neighbors. All brick exterior. 2 car garage. Sellers updated water heater, installed a new water softener and R/O water drinking system.

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: Leon Valley

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k227k

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

Neighborhood: Leon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6791706

* 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
Leon Valley Elementary School Primary Regular 663 51 6
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Leon Valley Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 51
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$125
HOA -$17
Property Management Fees -$99
CASH FLOW
-$117

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.

$250,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,616

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5504$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 6630 Fontana Pt San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 119 Coastal Ln San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2003
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.89
    •  
  • 11 Sunflower Run San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2002
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 6362 Parkland Oaks Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1994
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 38 Coastal Ln San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2002
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nathaniel Dumas
1.210.667.6499
Kuper Sotheby's Int'l Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510805
Last Updated: 02/27/2021
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