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7418 Cedar Farm San Antonio, TX 78239

3 Beds 3 Baths 1,779 sqft Built 2006

$179,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $100.62
  • 3 Days on Market
  • MLS # : 1509772
  • Updated Date : 02/13/2021 at 03:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,779 sqft
  • Baths : 2 full , 1 half
Listing Agent

Brass Ring Properties

Listing Agent's Description

3/2.5/1 WITH A STUDY DOWNSTAIRS AND LOFT UP. UTILITY ROOM UPSTAIRS. TILE FLOORS DOWNSTAIRS, NEW CARPET IN LOFT AND MASTER BEDROOM. FRESH PAINT INSIDE. NEW FENCE ON RIGHT AND BACK. LEFT FENCE 4 YEARS OLD. UPDATED FAUCETS AND LIGHTS. CONVENIENTLY LOCATED NEAR FT. SAM AND RANDOLPH, AS WELL AS EASY ACCESS TO 4-10, IH 10 AND HWY 90.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East 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
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
 

$161,100$196,900$179,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$622
Property Tax -$400
Property Insurance -$130
HOA -$17
Property Management Fees -$99
CASH FLOW
$53

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.

$179,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$5,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,3204$1,3755$1,525
$1,525
RENT COMPS ANALYSIS
  • 7418 Cedar Farm San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.74
    •  
  • 6618 Arbor Farm San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.73
    •  
  • 7430 Cedar Farm San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2006
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.74
    •  
  • 6642 Arbor Farm San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 7706 Hedrick Farm San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.80
    •  
PROPERTY LISTING DETAILS
Carol Fochler
1.210.379.8082
Brass Ring Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509772
Last Updated: 02/13/2021
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