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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,785
LOAN DETAILS
$761
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,750 |
| Loan Amount | $164,250 |
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
-
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
1.210.518.5030
Key Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1508438
Last Updated: 02/06/2021
