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7015 Hallie Spirit San Antonio, TX 78227

4 Beds 2 Baths 1,697 sqft Built 2007

$169,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $100.12
  • 9 Days on Market
  • MLS # : 1492040
  • Updated Date : 11/05/2020 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Located near JBSA-Lackland, Medina Training Annex and 2 minutes away from Walmart, this beautiful home provides convenient single story living. Just past the covered entryway is a bright, beautiful layout offering high ceilings, arched entryways, and a neutral color palette. Just off the sunny dining area is a practical kitchen with ample storage, large pantry, breakfast nook, plus recently replaced sink and garbage disposal. Acting as the true heart of the home, the living area features a cove ceiling, built-in shelving, and backyard access. A built-in study/work station creates convenience for working or home schooling during these unusual times. Generous accommodations include four bedrooms featuring a primary suite with cove ceiling, ceiling fan, private bath, and large closet and three comfortably sized secondary bedrooms, two with ceiling fans. Homeowners will also appreciate the Swan security system with five cameras, energy-saving Nest thermostat, wall organizer/storage in the garage, and the 30-year roof installed in July of 2019. Outside, the covered patio overlooks a privately fenced back yard with a mature tangerine tree. Just one block from the local elementary school, this great home is ready for you.

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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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$627
Property Tax -$400
Property Insurance -$125
HOA -$16
Property Management Fees -$99
CASH FLOW
$13

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.

$169,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$4,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,294

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1953$1,2504$1,2805$1,395
$1,395
RENT COMPS ANALYSIS
  • 7015 Hallie Spirit San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.75
    •  
  • 6930 Hallie Ridge San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.70
    •  
  • 247 Hallie Cove San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2004
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.78
    •  
  • 6614 Estes Flts San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.77
    •  
  • 6611 Walnut Valley Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,747 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jessica Lopez
1.210.708.7217
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492040
Last Updated: 11/05/2020
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