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6643 Arbor Farm San Antonio, TX 78239

3 Beds 3 Baths 1,721 sqft Built 2005

$168,500

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $97.91
  • 4 Days on Market
  • MLS # : 1492527
  • Updated Date : 10/31/2020 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,721 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Hesles Agency

Listing Agent's Description

Beautiful 3 bedroom and 2.5 bath, two-story home with plenty of upgrades throughout the home. Located in a quiet neighborhood close to Forum shopping mall, highways 410,1604, 35 & I-10 and minutes away from Randolph Brooks AFB. Upgrades include changeable drop lights in kitchen, bathroom and master-bath as well. Cozy up with the family in the living room! The backyard has a wood fence for privacy perfect for entertaining! Enjoy family time or entertaining guests in the open concept floor plan and the kitchen has plenty of cabinets and counter space. Loft room on second floor and ceiling fans throughout. Come see this home today, it will not last.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East 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
Hartman Elementary School Primary Regular 801 52 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Hartman Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 52
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$151,650$185,350$168,500

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$622
Property Tax -$376
Property Insurance -$126
HOA -$10
Property Management Fees -$99
CASH FLOW
$26

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.

$168,500

PROJECTED PRICE

$1,260

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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

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$50,403

INVESTMENT

$50,403

Down Payment
$42,125
Rehab Estimate
$5,750
Closing Costs
$2,528

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$622

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,125
Loan Amount $126,375
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$5,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,256

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2503$1,2604$1,3755$1,399
$1,399
RENT COMPS ANALYSIS
  • 6643 Arbor Farm San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.73
    •  
  • 6702 Tabak Farm San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.70
    •  
  • 7803 Artesian Farm San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.73
    •  
  • 6642 Arbor Farm San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 6647 Arbor Farm San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2004
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.77
    •  
PROPERTY LISTING DETAILS
Matthew Paniagua
1.210.392.8650
The Hesles Agency
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492527
Last Updated: 10/31/2020
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