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6819 Indian Lake Dr San Antonio, TX 78244

3 Beds 2 Baths 1,560 sqft Built 1972

$174,999

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $112.18
  • 5 Days on Market
  • MLS # : 1516092
  • Updated Date : 03/24/2021 at 19:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Mitchell Realty

Listing Agent's Description

Great 3 bedroom 2 bath in Woodlake. Needs TLC.

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: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$157,499$192,499$174,999

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$608
Property Tax -$391
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$15

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.

$174,999

PROJECTED PRICE

$1,230

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
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

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$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,249
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$4,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,055
1$1,0552$1,0753$1,2304$1,2505$1,475
$1,475
RENT COMPS ANALYSIS
  • 6819 Indian Lake Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.79
    •  
  • 6731 Stone Lake Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1976
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,055
    • $0.77
    •  
  • 6739 Fairlake St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.75
    •  
  • 6919 Moon Lake Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1973
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 6818 Blue Lake Drive San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1972
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.87
    •  
PROPERTY LISTING DETAILS
Alexia Jonas
1.830.357.6301
Mitchell Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1516092
Last Updated: 03/24/2021
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