Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7326 Milky Way Dawn San Antonio, TX 78252

3 Beds 2 Baths 1,408 sqft Built 2009

$185,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $131.39
  • 2 Days on Market
  • MLS # : 1509838
  • Updated Date : 02/13/2021 at 23:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Vivid Realty, Llc

Listing Agent's Description

Beautiful and well maintained one story home in Solana Ridge. Home offers open and spilt floor plan with secondary rooms off entry and master in the back. Spacious family room perfect for entertaining. Large pantry. Backyard features a covered patio perfect for outside entertainment and a spacious storage shed. Home is conveniently located near 410, 90, and Lackalnd AFB. Welcome Home!

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: Solana Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Solana Ridge

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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$643
Property Tax -$413
Property Insurance -$108
HOA -$36
Property Management Fees -$99
CASH FLOW
$41

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.

$185,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.72%

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

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$5,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,3904$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 7326 Milky Way Dawn San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.95
    •  
  • 7015 Pandora Way San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2016
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 7438 Perseus Sound San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,400 Sqft ∙ Built 2006
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.99
    •  
  • 7306 Sirius Mesa San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 2005
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 7119 Horizon Star San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,515 Sqft ∙ Built 2005
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Rhapsody Vogt
1.210.216.3265
Vivid Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509838
Last Updated: 02/13/2021
BESbswy