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7518 Meadow Lawn St San Antonio, TX 78251

3 Beds 2 Baths 1,645 sqft Built 1974

$160,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $97.26
  • 5 Days on Market
  • MLS # : 1495735
  • Updated Date : 11/18/2020 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome to this charming 3 bedroom 2 bathroom 1 story home! Just as you walk through the front door, you enter the inviting living room with beautiful vaulted ceilings and bay windows. Right off the living room is the door out to the great covered patio in the backyard. The backyard includes gorgeous mature trees as well as a storage shed. To the right of the living space, you enter the dining room and kitchen. The master bedroom features an en suite bathroom, with the secondary bedroom and bathroom just across the hall. Don't miss out on this quaint home!

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: Pipers Meadow

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Pipers Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6501456

* 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
Myers Elementary School Primary Regular 738 50 4
Jordan Middle School Middle Regular 1,353 78 5
Holmes High School High Regular 2,808 171 5

Myers Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 50
4
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Holmes High School

  • Education Level: High
  • # of students: 2,808
  • # of teachers: 171
5
GreatSchools Rating
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$590
Property Tax -$357
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
$231

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.

$160,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.9%
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$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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$23,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2953$1,3354$1,4005$1,700
$1,700
RENT COMPS ANALYSIS
  • 7518 Meadow Lawn St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 7751 Pipers Hill San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1978
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 7942 Forest Fox St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
  • 8103 Pinto Trail San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.88
    •  
  • 7406 Kentisbury Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1980
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Zachariah Castillo
1.210.817.1700
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495735
Last Updated: 11/18/2020
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