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6730 Freedom Hills San Antonio, TX 78242

4 Beds 3 Baths 2,626 sqft Built 2019

$260,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $99.01
  • 17 Days on Market
  • MLS # : 1507074
  • Updated Date : 02/11/2021 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,626 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Broker, Llc

Listing Agent's Description

This beautiful, 4/2.5/2 , offer the very best in open concept design. The great room is an expansive living area open to dining and kitchen. Features include, large oversized island with single basin stainless steel sink, 42" upper cabinets with crown molding, hardware, Granite countertops, stainless steel stove, dishwasher and microwave. 2 living room area, studio/office. Masterbedroom with full bath in 1st level. Beautiful Backyard Gazebo.

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
Indian Creek Elementary School Primary Regular 615 45 4
Resnik Middle School Middle Regular NA
Southwest High School High Regular 3,545 195 3

Indian Creek Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

Resnik Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$903
Property Tax -$580
Property Insurance -$179
HOA -$19
Property Management Fees -$99
CASH FLOW
-$120

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.

$260,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.64%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,6604$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 6730 Freedom Hills San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.63
    •  
  • 7002 Hallie Spirit San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.58
    •  
  • 8127 Radiant Star San Antonio, TX 2
    • 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 2014
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 7311 Canopus Bow San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 234 Hallie Pass San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jacqueline Lopez
1.210.996.6819
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507074
Last Updated: 02/11/2021
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