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6930 Montgomery San Antonio, TX 78239

3 Beds 2 Baths 1,378 sqft Built 1981

$165,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $119.74
  • 5 Days on Market
  • MLS # : 1495772
  • Updated Date : 11/19/2020 at 02:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,378 sqft
  • Baths : 2 full
Listing Agent

Texas Ally Real Estate Group

Listing Agent's Description

WOW! This gorgeous home is ready for you! Walking distance to the Montgomery Drive Elementary school, Harmony School of Innovation, and less than 5 minutes to Rackspace, the location is hard to beat! Washer, dryer, and refrigerator will ALL stay with the property! NEW Roof was installed in 2016, new A/C in 2018, granite countertops and more! THIS HOUSE IS READY FOR A FAMILY! Don't miss out! Hablo espanol.

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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
Montgomery Elementary School Primary Regular 632 46 2
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 46
2
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$609
Property Tax -$368
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
$27

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.

$165,000

PROJECTED PRICE

$1,210

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$5,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,202

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,2104$1,3255$1,345
$1,345
RENT COMPS ANALYSIS
  • 6930 Montgomery San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.88
    •  
  • 8334 Greenham San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
  • 8424 Tuxford San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
  • 6819 Laguna Verde San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1980
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
  • 7651 Tarrasa San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1981
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.90
    •  
PROPERTY LISTING DETAILS
David Marvic
1.210.957.9927
Texas Ally Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495772
Last Updated: 11/19/2020
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