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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $86.94
- 3 Days on Market
- MLS # : 1501070
- Updated Date : 12/25/2020 at 23:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,933 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Heritage
Listing Agent's Description
Welcome to this stunner in Northwest crossing! This home sits on one of the larger lots in the subdivision and it's a corner lot! Gorgeous mature trees grace this home in the front and backyard. Cozy and comfy all the way around! Tasteful paint throughout. Two living areas. Formal dining area and eat in kitchen. The interior features new carpet upstairs and downstairs! Porcelain tile in the bathrooms. Warm up next to the fireplace! Large pantry in kitchen. The backyard in an oasis to relax and enjoy the mornings or evenings. There is a large slab that can be use for all sorts of entertainment or sports area. Come schedule your tour today!
SEE MORE
- 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: Northwest Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$569 | |
| Property Insurance | -$196 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$35
|
||
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.
$255,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
2.42
YEARS SAVED
$5,005
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.6
LIST RENT PER SQFT
-
$1,877
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
7436 Gallery Ridge San Antonio, TX 1
- 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,770
- $0.60
-
9543 Campton Farms San Antonio, TX 2
- 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1994
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,775
- $0.57
-
9022 Beaudine Ave San Antonio, TX 3
- 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1995
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.67
-
7415 Waketon San Antonio, TX 4
- 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1990
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.65
-
7418 Waketon San Antonio, TX 5
- 5 beds 4 baths ∙ 2,840 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,840 Sqft ∙ Built 1990
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,900
- $0.67
PROPERTY LISTING DETAILS
1.210.275.6509
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1501070
Last Updated: 12/25/2020
