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6703 Dragon Tooth San Antonio, TX 78242

4 Beds 3 Baths 1,571 sqft Built 2008

$170,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $108.21
  • 2 Days on Market
  • MLS # : 1504437
  • Updated Date : 01/16/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,571 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mana Realty

Listing Agent's Description

Beautiful 4 bedroom 2.5 bath home on a cul de sac. Established neighborhood in Southwest ISD. Close to parks, highway and minutes from downtown. New carpet upstairs and large back yard.

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
Neil Armstrong Elementary School Primary Regular 481 31 3
Alan B. Shepard Middle School Middle Regular 638 40 2
South San Antonio High School High Regular 2,421 147 3

Neil Armstrong Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 31
3
GreatSchools Rating

Alan B. Shepard Middle School

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 40
2
GreatSchools Rating

South San Antonio High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 147
3
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$590
Property Tax -$384
Property Insurance -$118
HOA -$11
Property Management Fees -$99
CASH FLOW
$108

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.

$170,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.77%

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$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$9,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,265

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2003$1,2004$1,3105$1,350
$1,350
RENT COMPS ANALYSIS
  • 6703 Dragon Tooth San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,571 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,571 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.83
    •  
  • 6850 Walnut Valley Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 2017
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.82
    •  
  • 6706 Dragon Fire San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2005
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.78
    •  
  • 6838 Walnut Valley Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 2017
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 6715 Dragon Fire San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,771 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
PROPERTY LISTING DETAILS
Shalom Limon
1.210.557.6775
Mana Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504437
Last Updated: 01/16/2021
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