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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $121.07
- 4 Days on Market
- MLS # : 1509362
- Updated Date : 02/11/2021 at 17:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,652 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Heritage
Listing Agent's Description
Inviting two-story home in the coveted Luckey Ranch neighborhood. Sprawling gourmet kitchen overlooks main living space and features stunning natural stone countertops, sophisticated coordinating backsplash, gorgeous stained cabinets, and attached dining space. Large windows let the sunlight stream in, illuminating the entire home. Master suite features enormous walk-in closet and spa-like bathroom complete with built-in shelving. Two additional bedrooms and one-and-a-half additional bathrooms. Spacious back yard is completely fenced in and perfect for pets, barbecues, and outdoor movie nights. Neighborhood is full of amenities including community playground, splash pad, pond with fishing privileges, and baseball field. Close proximity to nearby shopping, entertainment, and schools. This beautiful property won't last long on the market and is an absolute must-see!
SEE MORE
- 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: Southwest San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$446 | |
| Property Insurance | -$122 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$77
|
||
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.
$200,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
4.25
YEARS SAVED
$7,885
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 -
$0.89
LIST RENT PER SQFT
-
$1,479
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
6630 Luckey Sq San Antonio, TX 2
- 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,470
- $0.89
-
12311 Fish Hook San Antonio, TX 1
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
11422 Luckey Ledge San Antonio, TX 3
- 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2013
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,495
- $0.83
-
6746 Luckey Tree San Antonio, TX 4
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2013
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,545
- $0.87
-
7635 Bowdre San Antonio, TX 5
- 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2017
LEASED 01/30/21- Rent
- Rent Per SQFT
- $1,700
- $0.95
PROPERTY LISTING DETAILS
1.210.660.8623
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1509362
Last Updated: 02/11/2021
