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6807 Burnley San Antonio, TX 78239

4 Beds 2 Baths 1,760 sqft Built 1973

$189,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $107.67
  • 2 Days on Market
  • MLS # : 1545183
  • Updated Date : 07/13/2021 at 13:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

First City, Realtors

Listing Agent's Description

Beautifully restored four bedroom, two bath home with large living area separate from living-dining room next to entry. Combined kitchen and breakfast area opens out to patio and grill. Home has new roof installed March 2021, fresh paint inside and out, and recent wall to wall carpeting. Yard is fully fenced. Washer and electric connections and water heater are in large double attached garage. House is outside city limits, no city taxes, lowers housing expense. This home is located on a quiet cul-de-sac and just might be the home of your future. Available for immediate viewing. Come see!

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

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
Montgomery Elementary School Primary Regular 632 46 2
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 46
2
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$170,550$208,450$189,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$658
Property Tax -$423
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$111

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.

$189,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$55,968

INVESTMENT

$55,968

Down Payment
$47,375
Rehab Estimate
$5,750
Closing Costs
$2,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$658

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,375
Loan Amount $142,125
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$10,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,382

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3953$1,4204$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 6807 Burnley San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.81
    •  
  • 8330 Hastings Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 9614 Chelmsford San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 1982
    property image
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 9551 Millers Ridge San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1981
    property image
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 8511 New World San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1977
    property image
    LEASED 04/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Rena Evans
1.210.532.5246
First City, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545183
Last Updated: 07/13/2021
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