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7210 Palomino Bay San Antonio, TX 78252

3 Beds 3 Baths 2,414 sqft Built 2016

$234,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $96.93
  • 6 Days on Market
  • MLS # : 1503618
  • Updated Date : 01/13/2021 at 00:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

This two-story, 3 bedroom, 3 bath home features over 2400 square feet of living space. The first floor offers an inviting entry way, open to the spacious living area that flows into a large eat-in kitchen with Stainless Steel appliances, 42" cabinets and solid counter tops. The second floor features a generous loft space that can be utilized as a game room or study. The master suite features a large shower and walk-in closet. Perfect location - minutes from Lackland Air Force Base and easy access to highways, dining and shopping!

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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Medio Creek Elementary School Primary Regular 673 43 6
Resnik Middle School Middle Regular NA
Southwest High School High Regular 3,545 195 3

Medio Creek Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 43
6
GreatSchools Rating

Resnik Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$813
Property Tax -$522
Property Insurance -$166
HOA -$25
Property Management Fees -$99
CASH FLOW
-$75

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.

$234,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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$700k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$813

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,5503$1,5904$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 7210 Palomino Bay San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 7410 Canopus Bow San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.65
    •  
  • 7018 Pandora Way San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2016
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.69
    •  
  • 7522 Perseus Sound San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.66
    •  
  • 7626 Equinox Hill San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
PROPERTY LISTING DETAILS
Sandra Rangel
1.210.334.7717
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503618
Last Updated: 01/13/2021
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