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7418 Ben Crenshaw Ct San Antonio, TX 78244

3 Beds 3 Baths 2,871 sqft Built 1995

$229,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $80.08
  • 3 Days on Market
  • MLS # : 1498195
  • Updated Date : 12/04/2020 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,871 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dillingham & Toone Real Estate

Listing Agent's Description

Massive square footage for a great price. Oversized master bedroom, great game room and multiple living spaces highlight this property ready to be adorned with a new family. Neutral color scheme awaiting a decorator's touch, large kitchen with new granite tops, and plenty of entertaining space. Large backyard and deck! Family friendly neighborhood and owner financing available! This one will not last, schedule a showing today!

SEE MORE

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: Fairways of Woodlake

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Fairways of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8201636

* 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
Spring Meadows Elementary School Primary Regular 661 50 4
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Spring Meadows Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 50
4
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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$848
Property Tax -$513
Property Insurance -$193
HOA -$46
Property Management Fees -$99
CASH FLOW
-$69

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.

$229,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.5%
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$600k$700k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,4954$1,5955$1,630
$1,630
RENT COMPS ANALYSIS
  • 7418 Ben Crenshaw Ct San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,871 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,871 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.57
    •  
  • 8002 Dove Trail Dr San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1991
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.59
    •  
  • 7922 Pecan Heights San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 1999
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.59
    •  
  • 5903 Encanto Point Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.52
    •  
  • 6719 Congressional Blvd San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 1985
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.62
    •  
PROPERTY LISTING DETAILS
Sonali Mehta
1.210.883.5671
Dillingham & Toone Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498195
Last Updated: 12/04/2020
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