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7211 Burns Crossing San Antonio, TX 78250

3 Beds 2 Baths 1,367 sqft Built 1995

$209,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $152.89
  • 3 Days on Market
  • MLS # : 1493582
  • Updated Date : 11/06/2020 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,367 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Nestled among towering trees, this beautiful, one story, updated 3 bedrooms, 2 full bathrooms home sits in an inviting gated neighborhood. There are "no step downs" in this home. Enjoy the shaded backyard and spacious deck. Walking distance to the magnificent French Creek Park, part of the San Antonio Parks and Recreation Department. In reference to all the upgrades, One year old kitchen refrigerator conveys, Cordless faux wood blinds in living room and kitchen added recently, Roof replaced 6 years ago, Garage Door replaced in June 2020, Heat A/C replaced 2018, Updated light fixtures throughout, Ceiling fans in bedrooms and den replaced, Carpet replaced in guest bedrooms, Dishwasher replaced 2 years ago, Master Bedroom floor replaced with wood like tile, Microwave conveys and 2 year old washing machine conveys.

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: The Crossing at Quail Creek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: The Crossing at Quail Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7531472

* 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
Elrod Elementary School Primary Regular 558 36 7
Connally Middle School Middle Regular 1,049 63 5
Marshall High School High Regular 2,682 162 5

Elrod Elementary School

  • Education Level: Primary
  • # of students: 558
  • # of teachers: 36
7
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$188,100$229,900$209,000

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 -$771
Property Tax -$467
Property Insurance -$106
HOA -$28
Property Management Fees -$99
CASH FLOW
-$141

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.

$209,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.1%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$838

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
  • $0.97

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3304$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 7211 Burns Crossing San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.97
    •  
  • 6815 Blacksmith Ln Leon Valley, TX 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1977
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 8610 Willow Glen Dr San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2000
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.97
    •  
  • 8747 Sunny Oaks San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2002
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.97
    •  
  • 7942 Quail Breeze San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1994
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kathleen O'shea
1.210.264.3996
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 #: 1493582
Last Updated: 11/06/2020
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