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7150 Lynn Lake Dr San Antonio, TX 78244

3 Beds 2 Baths 1,643 sqft Built 2001

$195,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $118.69
  • 2 Days on Market
  • MLS # : 1501927
  • Updated Date : 01/03/2021 at 01:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Kuper Sotheby's Int'l Realty

Listing Agent's Description

Updated one story in a nice, gated community. Enter to spacious living/dining combo, light and bright with lots of windows. New flooring and paint throughout. Open, island, eat-in kitchen with all appliances conveying. French doors off breakfast, provide lots of natural light and lead to a large wrap around deck. Family room with fireplace and backyard patio access. Master is separate with walk-in closet, full bath, garden tub, separate shower and dual vanity. Laundry room off of kitchen with pantry shelves. Large, full 3 car garage, corner lot on cul-de-sac.

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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$719
Property Tax -$435
Property Insurance -$122
HOA -$22
Property Management Fees -$99
CASH FLOW
-$68

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.

$195,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.68%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,347

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,3754$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 7150 Lynn Lake Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.81
    •  
  • 4818 Crestwood Hill Dr San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1999
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 4023 Josephs Run Converse, TX 3
    • 4 beds 2 baths ∙ 1,627 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,627 Sqft ∙ Built 2018
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.85
    •  
  • 4923 Fern Lk San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1989
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 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
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joni Falcone
1.210.573.6964
Kuper Sotheby's Int'l Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501927
Last Updated: 01/03/2021
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