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6706 Linn Lake Dr San Antonio, TX 78244

3 Beds 2 Baths 1,607 sqft Built 2003

$169,500

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $105.48
  • 3 Days on Market
  • MLS # : 1495101
  • Updated Date : 11/14/2020 at 00:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,607 sqft
  • Baths : 2 full
Listing Agent

Ayers & Ayers, Realtors�

Listing Agent's Description

Cute and updated and in a cul-de-sac!! Huge pie shaped lot with a large extended partially covered patio. Large storage shed. All remodeling to be completed prior to closing. More info coming soon.

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: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$152,550$186,450$169,500

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$625
Property Tax -$378
Property Insurance -$120
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.

$169,500

PROJECTED PRICE

$1,340

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
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$10k

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$50,668

INVESTMENT

$50,668

Down Payment
$42,375
Rehab Estimate
$5,750
Closing Costs
$2,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,375
Loan Amount $127,125
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$12,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,342

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3404$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 6706 Linn Lake Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.83
    •  
  • 6616 Richland Pl San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2003
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 6332 Lakeview Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2002
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.80
    •  
  • 7126 Lynn Lake Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 5807 Elk Lake Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,710 Sqft ∙ Built 1993
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jackeline Ayers
1.210.788.8842
Ayers & Ayers, Realtors�
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495101
Last Updated: 11/14/2020
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