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6802 Sabine Pass San Antonio, TX 78242

3 Beds 3 Baths 1,693 sqft Built 2005

$195,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.18
  • 2 Days on Market
  • MLS # : 1498290
  • Updated Date : 12/05/2020 at 19:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,693 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Star Company, Realtor

Listing Agent's Description

Lovely NEW LEAF HOME in La Ventana; very convenient to Lackland & Medina Base. New roof, fresh paint & New Vinyl flooring throughout. No carpet except on stairs. Home is 100% masonry with brick & cement fiber siding. It has a covered patio & nice lawn with new rear privacy fence plus no rear neighbors! Spacious island kitchen with large pantry includes all built-ins & Refrigerator. Nice utility room & half bath down. Master bedroom features a huge walk in closet & full bath with his/hers sinks & separate tub & shower. All bedrooms & study upstairs.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$719
Property Tax -$435
Property Insurance -$125
HOA -$23
Property Management Fees -$99
CASH FLOW
-$42

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.

$195,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.70%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$2,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,376

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3603$1,3954$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 6802 Sabine Pass San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.80
    •  
  • 6614 Estes Flts San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 6611 Walnut Valley Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 6623 Walnut Valley Dr San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 6638 Old Theater Rd San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2005
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
PROPERTY LISTING DETAILS
Vikki Smith
1.210.831.5263
American Star Company, Realtor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498290
Last Updated: 12/05/2020
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