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7215 Burns Way San Antonio, TX 78250

3 Beds 3 Baths 1,436 sqft Built 1995

$215,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $149.72
  • 4 Days on Market
  • MLS # : 1507940
  • Updated Date : 02/04/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,436 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhgre Homecity

Listing Agent's Description

Wonderful home in a great location close to Bandera Road with easy access to Loop 1604 and Loop 410. Close to shopping, restaurants and schools. This one owner 3 bedroom 2.5 bathroom home is located in a gated neighborhood with mature trees. The loft area upstairs can easily be converted to a forth bedroom if that is what your family needs. Many upgrades done to this home within the last few years, including the roof, AC and water heater.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$747
Property Tax -$480
Property Insurance -$110
HOA -$28
Property Management Fees -$99
CASH FLOW
-$94

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.

$215,000

PROJECTED PRICE

$1,370

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$6.0k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3704$1,3755$1,475
$1,475
RENT COMPS ANALYSIS
  • 7215 Burns Way San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.95
    •  
  • 8610 Willow Glen Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,333 Sqft ∙ Built 2000
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.97
    •  
  • 5518 Park Lk San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1986
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
  • 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
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.97
    •  
  • 6819 Crested Quail San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1994
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.91
    •  
PROPERTY LISTING DETAILS
Troy Mcallister
1.210.287.4955
Bhgre Homecity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507940
Last Updated: 02/04/2021
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