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7511 Glen Mont San Antonio, TX 78239

3 Beds 2 Baths 1,510 sqft Built 1975

$149,999

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $99.34
  • 3 Days on Market
  • MLS # : 1493589
  • Updated Date : 11/07/2020 at 01:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Full Spectrum Realty

Listing Agent's Description

Let your dream of home ownership come true...schedule your showing today!!! Great for a first time home buyer... 3 bed 2 bath, newly remodeled. New cabinets, countertops, vinyl plank floors, and so much more!!!

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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Neil Armstrong Elementary School Primary Regular 481 31 3
Alan B. Shepard Middle School Middle Regular 638 40 2
South San Antonio High School High Regular 2,421 147 3

Neil Armstrong Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 31
3
GreatSchools Rating

Alan B. Shepard Middle School

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 40
2
GreatSchools Rating

South San Antonio High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 147
3
GreatSchools Rating
 

$134,999$164,999$149,999

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$553
Property Tax -$335
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$258

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.

$149,999

PROJECTED PRICE

$1,360

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$553

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,500
Loan Amount $112,499
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$26,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,359

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0753$1,1004$1,1955$1,360
$1,360
RENT COMPS ANALYSIS
  • 7511 Glen Mont San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.90
    •  
  • 7026 Echo Valley Dr San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1968
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.89
    •  
  • 6235 Bright Valley Dr San Antonio, TX 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1969
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.90
    •  
  • 6147 Elm Valley Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1967
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 7303 Brook Valley Dr San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,386 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,386 Sqft ∙ Built 1968
    property image
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
James Gallegos
1.210.300.0435
Full Spectrum Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493589
Last Updated: 11/07/2020
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