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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $139.74
- 4 Days on Market
- MLS # : No MLS Number
CONSTRUCTION
- Beds : 3
- Floor Size : 1,910 sqft
- Baths : 2 full
Listing Agent
Tobin
Listing Agent's Description
The Pecan plan is a thoughtfully designed one-story home at Morningside Trails with a functional layout, perfect for any family's lifestyle. This home features three impressively sized bedrooms with large closets, as well as a spacious family room. The Pecan plan is sure to have the space your family needs at a price you'll love.
SEE MORE
- 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).
- 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)
PRICE & RENT TRENDS
Zip Code: 78132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$927 |
| Property Tax | -$379 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$537
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$266,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.11% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 9.32% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,729
LOAN DETAILS
$927
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,725 |
| Loan Amount | $200,175 |
13.42
YEARS SAVED
$59,740
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Tobin
