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714 Canadian Goose San Antonio, TX 78245

3 Beds 2 Baths 1,311 sqft Built 2012

$183,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $139.59
  • 7 Days on Market
  • MLS # : 1491975
  • Updated Date : 10/29/2020 at 00:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Covenant Partners Usa

Listing Agent's Description

Beautiful single story home in the highly desirable Enclave at Lakeside Community. This Home is conveniently located by loop 410, and Hwy 151, giving it simple access to shopping centers, restaurants, and Lackland AFB. The home features 9 Ft ceilings, an open floor plan perfect for entertainment, a nice size kitchen with recessed lighting, breakfast bar and ample cabinetry. This home comes complete with good size bedrooms and a sizable backyard. This home is a must see!

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Hatchett Elementary School Primary Regular 841 53 5
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Hatchett Elementary School

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 53
5
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$164,700$201,300$183,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$675
Property Tax -$409
Property Insurance -$103
HOA -$15
Property Management Fees -$99
CASH FLOW
$20

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$183,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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$54,245

INVESTMENT

$54,245

Down Payment
$45,750
Rehab Estimate
$5,750
Closing Costs
$2,745

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,750
Loan Amount $137,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,206

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,3204$1,3455$1,369
$1,369
RENT COMPS ANALYSIS
  • 714 Canadian Goose San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.01
    •  
  • 7935 Meadow Star San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2005
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 434 Tres Caminos San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2003
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
  • 1115 Autumn Moon San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,494 Sqft ∙ Built 2005
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.90
    •  
  • 1531 Ambush Creek San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,369
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jose Chavarria Lopez
1.210.551.6960
Covenant Partners Usa
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491975
Last Updated: 10/29/2020
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