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7519 Drake Cyn San Antonio, TX 78254

3 Beds 2 Baths 1,586 sqft Built 2005

$197,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $124.21
  • 6 Days on Market
  • MLS # : 1511350
  • Updated Date : 02/27/2021 at 23:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

***MULTIPLE OFFER SITUATION! Please submit your highest and best offer by Sunday, February 28th at 6pm!*** Terrific 3 bedroom 2 bath one story home! Open floor plan, fresh paint inside, ceramic and laminate flooring, rounded archways, large living room and a spacious eat-in kitchen with plenty of cabinet and counter space. This home also boasts cozy secondary bedrooms, oversized master suite with ceiling fan and a walk-in closet, master bath has a single vanity plus a tub/shower combo. Utility room is located by the secondary bedrooms. Enjoy the privacy in your backyard as this cute home backs up to a greenbelt so no worrying about the neighbors looking into your yard. Conveniently located to Loop 1604, Hwy 151, Alamo Ranch shopping center and so much more. Don't miss out on this lovely home. Come take a look today!

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: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7951488

* 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
Ward Elementary School Primary Regular 890 53 8
Jefferson Middle School Middle Regular 1,451 79 7
Taft High School High Regular 2,901 174 7

Ward Elementary School

  • Education Level: Primary
  • # of students: 890
  • # of teachers: 53
8
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$177,300$216,700$197,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$684
Property Tax -$440
Property Insurance -$119
HOA -$29
Property Management Fees -$99
CASH FLOW
$129

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.

$197,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$57,955

INVESTMENT

$57,955

Down Payment
$49,250
Rehab Estimate
$5,750
Closing Costs
$2,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,250
Loan Amount $147,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$12,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,5004$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 7519 Drake Cyn San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 11027 Stagwood Pass San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2003
    property image
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 11127 Baffin Oaks San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 2006
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 11011 Talon Run San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2001
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 11042 Stagwood Pass San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2003
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Roland Cornejo
1.210.643.6954
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511350
Last Updated: 02/27/2021
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