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710 Pelican Beach San Antonio, TX 78221

3 Beds 2 Baths 2,095 sqft Built 2016

$215,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $102.63
  • 3 Days on Market
  • MLS # : 1515344
  • Updated Date : 03/19/2021 at 22:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,095 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

BEAUTIFUL home in the highly desired Mission Del Lago subdivision! This home has 3 bedrooms, 2 full bathroom and half bathroom. Open floor plan with a large kitchen. Very spacious rooms with a game room in the center. A beautiful backyard ready for bbqs with the family!!!Don't miss out on this opportunity. Book your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: Heritage South

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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$747
Property Tax -$480
Property Insurance -$148
HOA -$25
Property Management Fees -$99
CASH FLOW
$181

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.

$215,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.5%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$15,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,555
1$1,5552$1,6503$1,6804$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 710 Pelican Beach San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.80
    •  
  • 9611 Pleasanton Sq San Antonio, TX 1
    • 3 beds 4 baths ∙ 1,902 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,902 Sqft ∙ Built 2014
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,555
    • $0.82
    •  
  • 11634 Pelican Cove San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2016
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 11815 Plover Pl San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 11426 Tiger Woods San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 2017
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Scott Malouff
1.210.365.6192
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515344
Last Updated: 03/19/2021
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