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7118 Mountain Brook Dr San Antonio, TX 78244

3 Beds 3 Baths 1,863 sqft Built 1998

$209,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $112.67
  • 3 Days on Market
  • MLS # : 1500457
  • Updated Date : 12/19/2020 at 05:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Perfect starter home nestled in the gated Woodlake Park community just before a cul de sac filled with the laughter of children playing in the streets. Sounds great? Then come see this 3 bed, 2.5 bath, 1800 sq ft home with upgraded granite counter tops in the kitchen, stainless steel appliances, wood laminate flooring in the living room, kitchen and eating area with a 2 car garage that has been converted to a man cave! The garage has tile floors, insulated garage door and its own mini split hvac system! Other recent updates include a recently replaced roof, HVAC unit, partially replaced privacy fencing and added solar screens for windows. The open loft is currently being used as a media area with a wall for a projection movie screen. If you are in the mood for entertaining outside the deck that almost stretches the width of the home can be set up with a dinning area and bbq station.

SEE MORE

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: Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Woodlake

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
Woodlake Elementary School Primary Regular 712 48 3
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Woodlake Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 48
3
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

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

$188,910$230,890$209,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$774
Property Tax -$469
Property Insurance -$135
HOA -$27
Property Management Fees -$99
CASH FLOW
-$93

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.

$209,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.8%
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-$4.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4004$1,4105$1,450
$1,450
RENT COMPS ANALYSIS
  • 7118 Mountain Brook Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.76
    •  
  • 4818 Crestwood Hill Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 4923 Fern Lk San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1989
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 5010 Fern Lk San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1986
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 7126 Lynn Lake Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Rodolfo Saenz
1.210.606.3851
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500457
Last Updated: 12/19/2020
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