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6863 Avila San Antonio, TX 78239

3 Beds 2 Baths 1,958 sqft Built 1980

$199,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $102.09
  • 3 Days on Market
  • MLS # : 1494941
  • Updated Date : 11/14/2020 at 08:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full
Listing Agent

Keeping It Realty

Listing Agent's Description

Beautiful one story home in nice and quiet CAMELOT! Conveniently located close to all four major Hwys, I-35, 410, 1604 and I-10. Open living room with lots of natural lights! Large and inviting master bedroom with his and hers closet! Large open kitchen! Two laundry areas!! Large laundry room and in the garage. New HVAC! Nice new quartz counter top with sleek back splash! New stainless steel APPLIANCES! Freshly painted inside and out! New light fixtures! All new faucets! New flooring and a lot more! Hurry! This home will not last!

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
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

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
-$83

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

$1,340

PROJECTED RENT

0.67%

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-$4.0k-$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$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 70% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3404$1,3495$1,390
$1,390
RENT COMPS ANALYSIS
  • 6863 Avila San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.68
    •  
  • 6610 Woodford San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1972
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 6839 Cerro Bajo San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1979
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
  • 7150 Elk Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.74
    •  
  • 7519 Echo Trail San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 1984
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.72
    •  
PROPERTY LISTING DETAILS
Clayton Lake
1.702.364.0515
Keeping It Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494941
Last Updated: 11/14/2020
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