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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $91.31
- 3 Days on Market
- MLS # : 1504296
- Updated Date : 01/15/2021 at 22:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,508 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Welcome home to 7461 Myrtle Trail! Located in the Judson ISD, this 2 story home with an open floor, 3 spacious bedrooms, 2.5 bathrooms, and an oversized loft has been fully remodeled featuring new laminate flooring throughout the first floor, brand new carpet on stairs and second floor, a custom butcher block kitchen island, new dishwasher and microwave, granite on kitchen and bathroom counters, custom multi-dimensional cabinetry, fresh exterior and interior paint throughout, new lighting throughout, custom window framing, accent barn doors in bedrooms, and a cozy sitting area in the primary bedroom. Be sure to also check out the large backyard with mature trees offering plenty of shade and space to enjoy the fresh air with leisure! With the abundance of space and it's many elevated finishes, this home won't last long!
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: Ventura
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ventura
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$795 |
| Property Tax | -$511 | |
| Property Insurance | -$172 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$72
|
||
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.
$229,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 9.1% |
| 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
$66,435
LOAN DETAILS
$795
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
1.42
YEARS SAVED
$2,022
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$1,618
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
7461 Myrtle Trail San Antonio, TX 3
- 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,520
- $0.61
-
8011 Dove Trail Dr San Antonio, TX 1
- 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 1986
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,450
- $0.61
-
7718 Rio Blanco Converse, TX 2
- 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1999
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,475
- $0.63
-
8026 Robbins Glade San Antonio, TX 4
- 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1996
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,530
- $0.66
-
8118 Sunshine Trail Dr San Antonio, TX 5
- 3 beds 3 baths ∙ 2,417 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,417 Sqft ∙ Built 1990
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,645
- $0.68
PROPERTY LISTING DETAILS
1.210.859.3635
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1504296
Last Updated: 01/15/2021
