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7246 Azalea Sq San Antonio, TX 78218

4 Beds 3 Baths 2,341 sqft Built 2007

$190,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $81.16
  • 45 Days on Market
  • MLS # : 1496677
  • Updated Date : 12/04/2020 at 06:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,341 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Preferred, Realtors

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Northeast Crossing

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Northeast Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Hartman Elementary School Primary Regular 801 52 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Hartman Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 52
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
$174

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.

$190,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.7%
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$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,5954$1,6005$1,620
$1,620
RENT COMPS ANALYSIS
  • 7246 Azalea Sq San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.67
    •  
  • 7430 Primrose Post San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 5918 Cielo Ranch San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2014
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.66
    •  
  • 7362 Azalea Square San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 2012
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 6015 Cielo Ranch San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2014
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.68
    •  
PROPERTY LISTING DETAILS
Alma Muzquiz
1.210.862.6200
Re/max Preferred, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496677
Last Updated: 12/04/2020
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