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7506 Omega Vale San Antonio, TX 78252

3 Beds 2 Baths 1,574 sqft Built 2008

$200,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $127.06
  • 2 Days on Market
  • MLS # : 1508546
  • Updated Date : 02/07/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Ih 10 Realty

Listing Agent's Description

Great open floor plan 1 story with no carpet. Ceramic tile through out the entire home. Oversized lot with a large backyard with fruit trees. Island kitchen, breakfast bar with great amount of cabinets and countertop space. New roof installed Feb 2021. Split floor plan and the master bath has double vanities and garden tub. Walk in closet. Level lot and level driveway in a quiet neighborhood. Come see this great home for a great and growing family

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Solana Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Solana Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Sun Valley Elementary School Primary Regular 643 42 6
Francis R. Scobee Middle School Middle Regular 968 59 4
Southwest High School High Regular 3,545 195 3

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 42
6
GreatSchools Rating

Francis R. Scobee Middle School

  • Education Level: Middle
  • # of students: 968
  • # of teachers: 59
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$695
Property Tax -$446
Property Insurance -$118
HOA -$27
Property Management Fees -$99
CASH FLOW
-$15

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.

$200,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 5.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3503$1,3704$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 7506 Omega Vale San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.87
    •  
  • 7355 Lyia Branch San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.84
    •  
  • 7202 Aldebaran Sun San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2012
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 7306 Sirius Mesa San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,509 Sqft ∙ Built 2005
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 7415 Rigel Chase San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2018
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Manuel Esparza
1.210.392.8483
Ih 10 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508546
Last Updated: 02/07/2021
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