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PROPERTY INFO
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
- 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 | $1,420 |
| 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
| 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
$55,968
LOAN DETAILS
$658
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,375 |
| Loan Amount | $142,125 |
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
-
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
1.210.532.5246
First City, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1545183
Last Updated: 07/13/2021
