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7461 Myrtle Trail San Antonio, TX 78244

3 Beds 3 Baths 2,508 sqft Built 1991

$229,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
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

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: Ventura

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7491472

* 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
Spring Meadows Elementary School Primary Regular 661 50 4
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Spring Meadows Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 50
4
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
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

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$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,4753$1,5204$1,5305$1,645
$1,645
RENT COMPS ANALYSIS
  • 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
Jessica Power
1.210.859.3635
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504296
Last Updated: 01/15/2021
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