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7222 Avery Rd San Antonio, TX 78233

4 Beds 3 Baths 2,576 sqft Built 2006

$248,995

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $96.66
  • 3 Days on Market
  • MLS # : 1494876
  • Updated Date : 11/13/2020 at 07:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,576 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cenimax Realty Inc.

Listing Agent's Description

Tour this super clean home in a beautiful community in Live Oak. Gorgeous 9ft ceilings, wood entry door. Formal living area, huge family room that opens to kitchen and breakfast area. Island Kitchen, extra large pantry w/ washer/dryer located on 1st floor. Extensive cabinetry, special lighting, smooth top range and designer tile located throughout. Huge walk in closest. Double walk in vanities on each side. Walk in shower in the master. Huge backyard w/slab patio. Fruit trees already mature. Amenities are fantastic *pool, park, playground, sports courts*. Centrally located close to 35/410/1604 all within a few miles. Forum shopping, NEISD schools and military bases close by.

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: Live Oak

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Live Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450Rent in $8661472

* 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
Royal Ridge Elementary School Primary Regular 629 41 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Royal Ridge Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$224,096$273,895$248,995

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$919
Property Tax -$556
Property Insurance -$176
HOA -$23
Property Management Fees -$99
CASH FLOW
-$152

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.

$248,995

PROJECTED PRICE

$1,620

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.9%
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-$6.0k-$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$71,734

INVESTMENT

$71,734

Down Payment
$62,249
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,249
Loan Amount $186,746
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,6504$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 7222 Avery Rd San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.63
    •  
  • 6767 Wayman Ridge Live Oak, TX 1
    • 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.62
    •  
  • 6610 Woodbell Live Oak, TX 3
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.64
    •  
  • 6807 Elmwood Crest Live Oak, TX 4
    • 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 2007
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.62
    •  
  • 10914 Fox Crest Live Oak, TX 5
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2010
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
PROPERTY LISTING DETAILS
Ruben Surles
1.210.744.7705
Cenimax Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494876
Last Updated: 11/13/2020
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