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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $135.00
- 2 Days on Market
- MLS # : 1505722
- Updated Date : 01/23/2021 at 21:35
CONSTRUCTION
- Beds : 4
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
Rd Realty Group, Llc
Listing Agent's Description
This single story, 4 bedroom, 2 bath home features 1703 square feet of living space. This open concept layout offers an eat-in kitchen with adjacent dining area. The spacious living area extends to a large covered patio. Home includes solar panels.
SEE MORE
- 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: People Active in Community Effort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: People Active in Community Effort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$513 | |
| Property Insurance | -$125 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$76
|
||
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.
$229,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
1.33
YEARS SAVED
$1,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,460
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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- $1,350
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LEASED 04/28/20- Rent
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- $1,445
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-
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- 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2016
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,500
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,500
- $0.92
PROPERTY LISTING DETAILS
1.210.577.3029
Rd Realty Group, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1505722
Last Updated: 01/23/2021
