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

6630 Luckey Sq San Antonio, TX 78252

3 Beds 3 Baths 1,652 sqft Built 2014

$200,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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

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: 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
 

$180,000$220,000$200,000

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 -$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

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,4703$1,4954$1,5455$1,700
$1,700
RENT COMPS ANALYSIS
  • 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
Charles Gafford
1.210.660.8623
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509362
Last Updated: 02/11/2021
BESbswy