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6939 Sunset Village Dr San Antonio, TX 78249

3 Beds 2 Baths 1,506 sqft Built 1983

$195,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $129.48
  • 4 Days on Market
  • MLS # : 1495963
  • Updated Date : 11/20/2020 at 01:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

World Wide Realty, Llc

Listing Agent's Description

BRING YOUR BUYERS!!! DONT MISS OUT ON THIS GREAT HOME IN THE HEART OF THE NORTHSIDE. CONVENIENTLY LOCATED OFF BABCOCK CLOSE TO I-10, 1604, SHOPPING, SCHOOLS, MEDICAL CENTER AND USAA. THIS HOUSE IS PERFECT FOR ENTERTAINING WITH ITS LARGE LIVING ROOM AND SPACIOUS BACKYARD. THIS HOUSE WON'T LAST LONG!!!

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: Oxbow

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $77k205k

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

Neighborhood: Oxbow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7221472

* 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
Carnahan Elementary School Primary Regular 663 43 5
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Carnahan Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 43
5
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$719
Property Tax -$435
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$12

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.

$195,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,498

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3804$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 6939 Sunset Village Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.92
    •  
  • 11219 Spring Mint Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1982
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 6706 Spring Hurst St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1972
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 11047 Almond Park San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1986
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.02
    •  
  • 7210 Spring Morning St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1978
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Charles Olivarri
1.210.722.7053
World Wide Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495963
Last Updated: 11/20/2020
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