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7418 Clear Water St San Antonio, TX 78238

3 Beds 2 Baths 958 sqft Built 1972

$175,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $182.67
  • 5 Days on Market
  • MLS # : 1513452
  • Updated Date : 03/13/2021 at 02:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 958 sqft
  • Baths : 1 full , 1 half
Listing Agent

Real Broker, Llc

Listing Agent's Description

Come enjoy the tasteful modern design of this newly renovated ranch style home located perfectly in the Timber Creek Estates Subdivision with quick access to Bandera, 1604, and 410. Highlights include laminate flooring, tile, ceiling fans, granite, interior and exterior paint, and stainless-steel appliances. The perfect starter home awaits. Don't miss your chance in this highly competitive market. Schedule your showings today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Five Palms Elementary School Primary Regular 382 24 4
Alan B. Shepard Middle School Middle Regular 638 40 2
South San Antonio High School High Regular 2,421 147 3

Five Palms Elementary School

  • Education Level: Primary
  • # of students: 382
  • # of teachers: 24
4
GreatSchools Rating

Alan B. Shepard Middle School

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 40
2
GreatSchools Rating

South San Antonio High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 147
3
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$608
Property Tax -$429
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$88

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.

$175,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $941

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$965
1$9652$9953$1,0504$1,1255$1,130
$1,130
RENT COMPS ANALYSIS
  • 7418 Clear Water St San Antonio, TX 5
    • 3 beds 2 baths ∙ 958 Sqft ∙ Built 1972 3 beds 2 baths ∙ 958 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.18
    •  
  • 5418 Indian Pipe St San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1971
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $965
    • $0.87
    •  
  • 8603 White Star St San Antonio, TX 2
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.90
    •  
  • 5914 Fir Valley Dr San Antonio, TX 3
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1968 3 beds 1 baths ∙ 984 Sqft ∙ Built 1968
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.07
    •  
  • 7371 Brook Valley Dr San Antonio, TX 4
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1970
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $1.09
    •  
PROPERTY LISTING DETAILS
Christopher Wood
1.210.426.0511
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513452
Last Updated: 03/13/2021
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