Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7526 Tantara Ct San Antonio, TX 78249

3 Beds 3 Baths 1,882 sqft Built 1993

$225,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $119.55
  • 2 Days on Market
  • MLS # : 1498269
  • Updated Date : 12/05/2020 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Don Johnson, Realtors

Listing Agent's Description

Master Suite has a sitting area and attached bath. Second bedroom considered a second master. Its very large with abundant closet space, shares a bathroom. All upstairs and stairway has new carpet. Bathrooms have granite and updated vessel sinks. Downstairs is big open living area. Lots of upgrades this year: new roof, new hot water heater, garage door, some new siding, in bathrooms, granite and fixtures with vessel sinks, Exterior paint, replaced part of fence with a big double gate. So convenient to UTSA, USAA, RIM, LaContera, Medical Center. So close to shopping and entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Hunter's Chase

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Hunter's Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7741847

* 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
Scobee Elementary School Primary Regular 609 40 9
Stinson Middle School Middle Regular 1,115 72 6
Brandeis High School High Regular 2,593 149 8

Scobee Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 40
9
GreatSchools Rating

Stinson Middle School

  • Education Level: Middle
  • # of students: 1,115
  • # of teachers: 72
6
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$136
HOA -$15
Property Management Fees -$99
CASH FLOW
$78

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.

$225,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,694

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6504$1,6605$1,675
$1,675
RENT COMPS ANALYSIS
  • 7526 Tantara Ct San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 7310 Hunters Land San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 11431 Cedar Park San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1988
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 13311 Lost Lake Dr San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1986
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 7347 Corian Park Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 1990
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
PROPERTY LISTING DETAILS
Suzzanne Puente
1.830.708.7199
Bhhs Don Johnson, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498269
Last Updated: 12/05/2020
BESbswy