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7531 Ledgebrook Dr San Antonio, TX 78244

3 Beds 2 Baths 1,682 sqft Built 1981

$150,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $89.18
  • 6 Days on Market
  • MLS # : 1496734
  • Updated Date : 11/24/2020 at 18:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Home ready for new owner to put tender loving care into. Great floorpan, has foundation issues, transferable warranty but seller doesn't want to do work. Current roof was put on in 2018! Backyard is perfect for hosting family gatherings. Needs someone with vision to complete and work with warranty company to put back in shape. Come take a look at this house 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: Ventura Volunteer

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Ventura Volunteer

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7051472

* 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
Spring Meadows Elementary School Primary Regular 661 50 4
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Spring Meadows Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 50
4
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$553
Property Tax -$339
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$204

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.

$150,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.5%
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

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$450k

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 40% 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 $112,500
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$21,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3204$1,3495$1,395
$1,395
RENT COMPS ANALYSIS
  • 7531 Ledgebrook Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.78
    •  
  • 7514 Ledgebrook Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1981
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 7995 Pepper Trail San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1986
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 7150 Elk Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.74
    •  
  • 8251 Sunshine Trail Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
PROPERTY LISTING DETAILS
Bradley Graves
1.210.379.8165
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496734
Last Updated: 11/24/2020
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