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6843 Luckey Path San Antonio, TX 78252

3 Beds 2 Baths 1,404 sqft Built 2013

INVESTimate

$193,000

List Price

$1,450

$1,305 - $1,595

Rent Est.

$196,783  ( +1.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $137.46
  • 7 Days on Market
  • MLS # : 1478171
  • Updated Date : 08/23/2020 at 04:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Located in the sought after subdivision of Luckey Ranch, this beautiful one story home features 3 bedrooms and 2 bathrooms. Freshly painted throughout. Gorgeous wood cabinets and granite countertops in the kitchen. Situated on a green belt with no rear neighbors! The open floor plan and covered back patio are perfect for entertaining family & friends. Located minutes away from Lackland AFB, the new Potranco Shopping Center and Sea World. Neighborhood amenities include a $2 million sports park, kids splash pad, 2 playgrounds, 2 soccer fields, baseball field, basketball court, jogging trails, 7 acre lake with fishing pier, 2nd lake for canoeing, dog park, & covered picnic gazebos. This home won't last long! Schedule an appointment today.

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest 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
Lacoste Elementary School Primary Regular 660 40 7
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Lacoste Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
7
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$173,700$212,300$193,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$712
Property Tax -$431
Property Insurance -$108
HOA -$30
Property Management Fees -$99
CASH FLOW
$70

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.

$193,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 1.96%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,895

INVESTMENT

$56,895

Down Payment
$48,250
Rehab Estimate
$5,750
Closing Costs
$2,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,250
Loan Amount $144,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,222

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
  • $1.03

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4504$1,4805$1,500
$1,500
RENT COMPS ANALYSIS
  • 6843 Luckey Path San Antonio, 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.03
    •  
  • 12255 Stratsburg San Antonio, 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2015
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 11427 Luckey Ledge San Antonio, 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2013
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 6615 Luckey Sq San Antonio, 4
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.05
    •  
  • 12243 Siragusa San Antonio, 5
    • 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Michelle Kirkland
1.936.635.3716
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478171
Last Updated: 08/23/2020
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