Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $139.47
- 5 Days on Market
- MLS # : 1544613
- Updated Date : 07/12/2021 at 21:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,505 sqft
- Baths : 2 full
Listing Agent
Keller Williams Boerne
Listing Agent's Description
The cute home is ready for it's new homeowner! 3 bedrooms and two baths with a custom kitchen that has an Induction Stove, Water Softener and Garage Door Opener and a nice Fireplace for those cozy nights. Sits on a large backyard. Located close to elementary school (only two block), it's a great home for a first time buyer. This one won't last! ring doorbell does not convey!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$469 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$209,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,374
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,475 |
| Loan Amount | $157,425 |
1
YEARS SAVED
$1,038
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 -
$0.87
LIST RENT PER SQFT
-
$1,313
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
6806 Castlerae San Antonio, TX 4
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,310
- $0.87
-
8334 Greenham San Antonio, TX 1
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,200
- $0.82
-
8424 Tuxford San Antonio, TX 2
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,200
- $0.82
-
8422 Greenham San Antonio, TX 3
- 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978
LEASED 05/21/21- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
8426 Greenham San Antonio, TX 5
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
LEASED 03/02/21- Rent
- Rent Per SQFT
- $1,375
- $0.94
PROPERTY LISTING DETAILS
1.210.823.0403
Keller Williams Boerne
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1544613
Last Updated: 07/12/2021
