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6822 Cutting Crk San Antonio, TX 78244

3 Beds 2 Baths 1,577 sqft Built 2006

$199,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $126.76
  • 5 Days on Market
  • MLS # : 1507801
  • Updated Date : 02/03/2021 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,577 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this beautiful single story home in sought after Woodlake Meadows! This home offers fresh interior paint and luxury vinyl plank flooring throughout, no carpet! A den just off the foyer and the living room at the back of the home. The kitchen features ample cabinet and counter space and an island for extra prep and storage. The primary bedroom has a full ensuite bathroom and a large walk in closet. The fenced backyard has a covered patio for relaxing. Located close to Loop 410 and Interstate 35. Vacant and ready for viewing, come see!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
Hartman Elementary School Primary Regular 801 52 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Hartman Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 52
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$694
Property Tax -$446
Property Insurance -$118
HOA -$30
Property Management Fees -$99
CASH FLOW
$62

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.

$199,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.73%

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

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$6,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4754$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 6822 Cutting Crk San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 6910 Dashmoor Creek San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 6738 Dashmoor Crk San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2018
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.96
    •  
  • 6942 Falcon Rock San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 6811 Melody Stone San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2017
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Robert Jones
1.210.405.1783
Offerpad
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507801
Last Updated: 02/03/2021
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