Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6915 Scenic Sunset San Antonio, TX 78249

4 Beds 3 Baths 2,840 sqft Built 1999

INVESTimate

$295,000

List Price

$1,850

$1,665 - $2,035

Rent Est.

$308,983  ( +4.74%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $103.87
  • 2 Days on Market
  • MLS # : 1479307
  • Updated Date : 08/26/2020 at 04:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,840 sqft
  • Baths : 2 full , 1 half
Listing Agent

3d Realty & Property Mgmt.

Listing Agent's Description

Experience the novelty of this modern, paragon 4 bedroom home. Enjoy best of both worlds this sought after location has to offer-retailers, restaurants, entertainment and nature, privacy and seclusion. Ready to see it for yourself?

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: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k239k

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

Neighborhood: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451565

* 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
Thornton Elementary School Primary Regular 700 46 6
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Thornton Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 46
6
GreatSchools Rating

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,088
Property Tax -$659
Property Insurance -$191
HOA -$18
Property Management Fees -$99
CASH FLOW
-$205

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.74%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 6915 Scenic Sunset San Antonio, 2
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.65
    •  
  • 7338 Elizabeth Way San Antonio, 1
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2008
    property image
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 10420 Arbor Bluff San Antonio, 3
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1992
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 7623 Autumn Park San Antonio, 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1986
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 7759 Autumn Park San Antonio, 5
    • 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 1989
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
PROPERTY LISTING DETAILS
Henry Garcia
1.210.577.5455
3d Realty & Property Mgmt.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479307
Last Updated: 08/26/2020
BESbswy