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7534 Kings Spring San Antonio, TX 78254

4 Beds 3 Baths 2,481 sqft Built 2012

$321,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $129.38
  • 2 Days on Market
  • MLS # : 1492755
  • Updated Date : 11/02/2020 at 19:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,481 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Real Estate, Ltd. Co.

Listing Agent's Description

Stop your search! Welcome to this immaculate 1.5 story all brick home nestled in the sought after neighborhood Stillwater Ranch community. Meticulously maintained 2481 sq.ft. home with an open floorplan and natural light flowing from the windows throughout the space. Includes a chef's style luxury kitchen with tall 42" cabinets, gorgeous granite counters, gas cooktop, and tons of counter space. Large spacious 4 bedrooms along with 2 baths all located downstairs with a BONUS game room and half bath on the second level. The master suite has beautiful French doors inviting you to the Master's bath. Step outside to the spacious covered patio that overlooks into the charming backyard lined with mature trees for your privacy. For the active residents, this community offers 2 beautiful pools, a full workout facility, playground equipment, basketball and tennis courts.

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Scarborough Elementary School Primary Regular 788 48 8
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Scarborough Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 48
8
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$288,900$353,100$321,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,184
Property Tax -$717
Property Insurance -$170
HOA -$52
Property Management Fees -$99
CASH FLOW
-$192

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.

$321,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,815

INVESTMENT

$90,815

Down Payment
$80,250
Rehab Estimate
$5,750
Closing Costs
$4,815

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,184

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,250
Loan Amount $240,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,0004$2,0305$2,050
$2,050
RENT COMPS ANALYSIS
  • 7534 Kings Spring San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.82
    •  
  • 7835 Kings Spring San Antonio, TX 1
    • 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 7634 Fletchers San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2012
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 7634 William Bonney San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2013
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 8225 Lajitas Bend San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
PROPERTY LISTING DETAILS
Isaac Guillemette
1.210.852.0690
All City Real Estate, Ltd. Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492755
Last Updated: 11/02/2020
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