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7106 Hibiscus Fls San Antonio, TX 78218

3 Beds 2 Baths 1,786 sqft Built 2015

$219,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $122.62
  • 2 Days on Market
  • MLS # : 1508438
  • Updated Date : 02/06/2021 at 07:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,786 sqft
  • Baths : 2 full
Listing Agent

Key Realty

Listing Agent's Description

LOCATION! LOCATION, LOCATION! Welcome home to the Northeast Crossing community! Beautiful single story home featured 3 bedrooms, 2 baths with a nice office room. This open concept home features a gourmet kitchen with a large countertop, pantry, and large cabinets. Nice tiles in all wet areas, Spacious master bedroom w/master bath includes a garden tub, separate glass-enclosed shower, double vanity, and walk-in closet. Easy access to Ft Sam Houston/BAMC/Randolph AFB, Walmart, HEB, shopping centers, and San Antonio downtown. Front and back sprinkler systems, window blinds, and pre plumb for water softener. Please follow COVID-19 guidelines, wear a mask and maintain social distancing. The showing will begin Feb 7, Sunday after 1 pm. Call Albert at 210-518-5030 or email me at amazinghomes210@gmail.com.

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: Northeast Crossing

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Northeast Crossing

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
Park Village Elementary School Primary Regular 600 43 3
Kirby Middle School Middle Regular 869 57 3
Wagner High School High Regular 2,274 138 3

Park Village Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 43
3
GreatSchools Rating

Kirby Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$761
Property Tax -$489
Property Insurance -$130
HOA -$21
Property Management Fees -$99
CASH FLOW
$11

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.

$219,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,4953$1,5104$1,5405$1,595
$1,595
RENT COMPS ANALYSIS
  • 7106 Hibiscus Fls San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.85
    •  
  • 7355 Azalea Sq San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 2015
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.78
    •  
  • 5930 Tranquil Dawn San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2016
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 7242 Hibiscus Falls San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2013
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.91
    •  
  • 7306 Primrose Post San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2017
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
PROPERTY LISTING DETAILS
Alberto Ramos
1.210.518.5030
Key Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508438
Last Updated: 02/06/2021
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