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7436 Gallery Ridge San Antonio, TX 78250

4 Beds 3 Baths 2,933 sqft Built 1991

$255,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
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

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: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7611472

* 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
Northwest Crossing Elementary School Primary Regular 613 43 7
Connally Middle School Middle Regular 1,049 63 5
Taft High School High Regular 2,901 174 7

Northwest Crossing Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 43
7
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

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
$1,770
1$1,7702$1,7753$1,8504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 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
Deanna Kaplen
1.210.275.6509
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501070
Last Updated: 12/25/2020
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