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7403 Daniel Krug San Antonio, TX 78253

3 Beds 2 Baths 1,932 sqft Built 2020

$289,350

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.77
  • 23 Days on Market
  • MLS # : 1500586
  • Updated Date : 12/31/2020 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Rhapsody Realty Services, Llc

Listing Agent's Description

New Century Communities home ready to move-in February 2021. The Barton features inspired touches throughout, such as a game room, a charming breakfast nook-with access to a covered patio-and a spacious kitchen that overlooks an inviting family room. Additional highlights include a mudroom with optional storage, a generous owner's suite with a walk-in closet, shower and separate garden tub, and a convenient laundry room.

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*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Kallison Elementary School Primary Regular NA
Dolph Briscoe Middle School Middle Regular 824 50 7
Harlan High School High Regular NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Dolph Briscoe Middle School

  • Education Level: Middle
  • # of students: 824
  • # of teachers: 50
7
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$260,415$318,285$289,350

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,005
Property Tax -$646
Property Insurance -$143
HOA -$50
Property Management Fees -$99
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$289,350

PROJECTED PRICE

$1,680

PROJECTED RENT

0.58%

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) 3.00%
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

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$78,678

INVESTMENT

$78,678

Down Payment
$72,338
Rehab Estimate
$2,000
Closing Costs
$4,340

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,005

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,338
Loan Amount $217,013
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$97

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,7254$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 7403 Daniel Krug San Antonio, TX 1
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.83
    •  
  • 7517 Clos Du Bois San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2010
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 7755 Robert Mondavi San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2013
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.86
    •  
  • 13134 Piper Sonoma San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2012
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 8150 Cactus Bend Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michael Harrell
1.210.483.3645
Rhapsody Realty Services, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500586
Last Updated: 12/31/2020
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