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7135 Hickory Grove Dr San Antonio, TX 78227

3 Beds 2 Baths 1,272 sqft Built 1972

$160,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $125.79
  • 3 Days on Market
  • MLS # : 1498224
  • Updated Date : 12/05/2020 at 02:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 1 full , 1 half
Listing Agent

Premier Realty Group

Listing Agent's Description

Great starter home in a quiet neighborhood. New paint and laminate flooring throughout home with new ceiling fans in every room. This cute house has 3 full bedrooms and 1 1/2 baths, central air, with a converted garage that can be used as an extra bedroom or game room, new appliances and light fixtures, new gas water heater, covered patio and carport. The backyard is great size for entertaining and there's a big shed for storage. Schedule your showing, priced to sale.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Meadow Village

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $66k204k

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

Neighborhood: Meadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6471456

* 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
Meadow Village Elementary School Primary Regular 662 46 3
Jones Middle School Middle Regular 1,224 83 3
John Jay High School High Regular 2,929 182 3

Meadow Village Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 46
3
GreatSchools Rating

Jones Middle School

  • Education Level: Middle
  • # of students: 1,224
  • # of teachers: 83
3
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$47

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.

$160,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.2%
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

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$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,224

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,1904$1,1955$1,300
$1,300
RENT COMPS ANALYSIS
  • 7135 Hickory Grove Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.86
    •  
  • 7007 Westville Dr San Antonio, TX 2
    • 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,270 Sqft ∙ Built 1964
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.91
    •  
  • 6829 Betty Levy San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.95
    •  
  • 7022 Glenfield Dr San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1969
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 7126 Timbercreek Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1970
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.11
    •  
PROPERTY LISTING DETAILS
Santa Mendoza
1.210.800.1925
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498224
Last Updated: 12/05/2020
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