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718 Pelican Landing San Antonio, TX 78221

4 Beds 3 Baths 2,341 sqft Built 2019

$240,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $102.52
  • 4 Days on Market
  • MLS # : 1494780
  • Updated Date : 11/12/2020 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,341 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Make it your Mission to come home to this beautiful golf course community. With a downstairs master and an open floorplan you can feel comfortable spending time at home. A covered back patio and home office space make this a perfect option for work and play. Upstairs holds 3 more bedrooms and a huge loft/game room to give everyone their own privacy and space. A short walk and you are at the wonderful neighborhood playground and pool or take a quick drive in the community to the clubhouse and first tee. Come Escape to the edge of the city and discover your peace and quiet.

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: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: Heritage South

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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$886
Property Tax -$536
Property Insurance -$162
HOA -$25
Property Management Fees -$99
CASH FLOW
$33

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$240,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$65,600

INVESTMENT

$65,600

Down Payment
$60,000
Rehab Estimate
$2,000
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6504$1,740
$1,740
RENT COMPS ANALYSIS
  • 718 Pelican Landing San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.74
    •  
  • 723 Pelican Pt San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2016
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 11634 Pelican Cove San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2016
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 12639 Course View Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
PROPERTY LISTING DETAILS
John Schwertlech
1.210.885.4420
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494780
Last Updated: 11/12/2020
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