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7130 Comet Manor San Antonio, TX 78252

3 Beds 2 Baths 1,274 sqft Built 2006

$179,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $141.21
  • 2 Days on Market
  • MLS # : 1504405
  • Updated Date : 01/17/2021 at 01:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This beautiful one story offers a lot for the price. Minor upgrades include laminate flooring and a brand new roof only 3 months old. -10 YEAR WARRANTY on roof. -Washer, Dryer, Stove, Microwave, Dishwasher, Fridge Convey Perfect as an investment rental, starter home, or if your client is simply looking to down size a bit. Come visit this beautiful property before its gone!! Convenient access to Walmart and 410. Pool and Park available at amenity center. See additional information for Sellers Disclosure, Survey, Roof Warranty and Offer Instructions. Call Mike Gutierrez with any questions 210-396-3449

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: Solana Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Solana Ridge

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
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
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$101
HOA -$36
Property Management Fees -$99
CASH FLOW
$78

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.

$179,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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$8.0k

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$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$7,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,335

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,3504$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 7130 Comet Manor San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.05
    •  
  • 7015 Pandora Way San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2016
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 7411 Nebula Valley San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2006
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 8010 Eclipse Bnd San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2014
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 7211 Horizon Star San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
PROPERTY LISTING DETAILS
Mike Gutierrez
1.210.396.3449
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504405
Last Updated: 01/17/2021
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