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7234 Split Creek San Antonio, TX 78238

3 Beds 2 Baths 1,299 sqft Built 1977

$192,500

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $148.19
  • 3 Days on Market
  • MLS # : 1493585
  • Updated Date : 11/07/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,299 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Access

Listing Agent's Description

Well Maintained home in the established Twin Creek neighborhood. This 3 bed 2 bath has been well kept and great for entertaining. good size kitchen with granite counter tops ceramic tile and laminate flooring.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $80k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Driggers Elementary School Primary Regular 633 43 7
Neff Middle School Middle Regular 1,211 81 3
Holmes High School High Regular 2,808 171 5

Driggers Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 43
7
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Holmes High School

  • Education Level: High
  • # of students: 2,808
  • # of teachers: 171
5
GreatSchools Rating
 

$173,250$211,750$192,500

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$710
Property Tax -$430
Property Insurance -$102
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.

$192,500

PROJECTED PRICE

$1,200

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,763

INVESTMENT

$56,763

Down Payment
$48,125
Rehab Estimate
$5,750
Closing Costs
$2,888

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$710

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,125
Loan Amount $144,375
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,221

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1003$1,1754$1,2005$1,350
$1,350
RENT COMPS ANALYSIS
  • 7234 Split Creek San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 7755 Pipers Hill San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1978
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.89
    •  
  • 3901 Pipers Ct San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,117 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,117 Sqft ∙ Built 1975
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 7306 Pipers Bluff San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1978
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.97
    •  
  • 6804 Brookfield San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
PROPERTY LISTING DETAILS
Krystal Chase
1.210.643.1466
Realty Executives Access
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493585
Last Updated: 11/07/2020
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