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7215 Sulky Ln San Antonio, TX 78240

3 Beds 2 Baths 1,292 sqft Built 1971

$195,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $150.93
  • 2 Days on Market
  • MLS # : 1512792
  • Updated Date : 03/07/2021 at 02:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

Quaint 3 bedroom 2 bath home in the perfect location! Near USAA & Medical Center! Homeowner has added many valued amenities. Such as, added extra insulation a year ago, installed a Vivent security system which includes multiple cameras, electronic locks on all doors, sensors on front & back doors, on door leading from kitchen to garage & garage to outside; even has a sensor on the workshop! New interior & exterior HVAC Sytem - only 2 years old! Then there are the stainless steel appliances in kitchen. Separate spacious dining room with easy to maintain floor. Great open back yard with an extended slab & covered patio for summertime entertaining. And for the hobby enthusiast, whether it be he or she, there is that AMAZING 12x24 workshop equipped with electrical! Also included is a separate storage shed that is also equipped with electrical. It's a great home in an ideal location! The 22 acre Rimkus Park is but a stones throw away from this home with a sports field, playground, a track and picnic areas! Come see for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Leon Valley

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k227k

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

Neighborhood: Leon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6791706

* 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
Leon Valley Elementary School Primary Regular 663 51 6
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Leon Valley Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 51
6
GreatSchools Rating

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$37

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.

$195,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$5,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4004$1,4755$1,525
$1,525
RENT COMPS ANALYSIS
  • 7215 Sulky Ln San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 6807 Cloverbend St Leon Valley, TX 1
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1982
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 6707 Cherryleaf St Leon Valley, TX 3
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1971
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
  • 7215 Poss Rd San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1981
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.03
    •  
  • 6210 Crab Orch San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1985
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.02
    •  
PROPERTY LISTING DETAILS
Nora Carmona
1.210.313.7073
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512792
Last Updated: 03/07/2021
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