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7262 Turnbow San Antonio, TX 78252

3 Beds 2 Baths 1,523 sqft Built 2016

$233,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.99
  • 6 Days on Market
  • MLS # : 1501487
  • Updated Date : 12/31/2020 at 02:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,523 sqft
  • Baths : 2 full
Listing Agent

Bob Heyen Realty

Listing Agent's Description

This is a beautiful one-story home consists of 3BR/2B a large living area, spacious kitchen with wood cabinets, energy efficient appliances (refrigerators, washer and dryer, curtains and curtain rods will not remain), water softener, large walk-in closet in master, spacious driveway with two car garage, privacy fenced, nice quiet neighborhood with many amenities including baseball field, basketball court, children's playground, fishing, greenbelt, soccer field, splash pad, walking trails, nearby dining and nearby shopping!!

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: Southwest San Antonio

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Southwest San Antonio

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
Lacoste Elementary School Primary Regular 660 40 7
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Lacoste Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
7
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$209,700$256,300$233,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$860
Property Tax -$520
Property Insurance -$115
HOA -$30
Property Management Fees -$99
CASH FLOW
-$44

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.

$233,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 2.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$67,495

INVESTMENT

$67,495

Down Payment
$58,250
Rehab Estimate
$5,750
Closing Costs
$3,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$860

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,250
Loan Amount $174,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,4994$1,5005$1,580
$1,580
RENT COMPS ANALYSIS
  • 7262 Turnbow San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.04
    •  
  • 12311 Fish Hook San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2016
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.93
    •  
  • 6615 Luckey Sq San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2014
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.05
    •  
  • 7375 Turnbow San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2016
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.09
    •  
  • 12243 Siragusa San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,381 Sqft ∙ Built 2017
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kyle Heyen
1.210.912.6007
Bob Heyen Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501487
Last Updated: 12/31/2020
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