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7535 Scenic Glade San Antonio, TX 78249

3 Beds 2 Baths 1,735 sqft Built 1994

INVESTimate

$199,999

List Price

$1,520

$1,368 - $1,672

Rent Est.

$214,719  ( +7.36%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $115.27
  • 6 Days on Market
  • MLS # : 1478398
  • Updated Date : 08/21/2020 at 11:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Welcome home!! A rare opportunity to own a lovingly maintained one-story, 3 bedroom/2 bath home. This corner lot home offers plenty of mature trees for privacy and seclusion. Recent upgrades include laminate flooring in the living area, new carpet in all the bedrooms, & interior paint. Stainless steel stove/range & dishwasher installed in August 2020. An over-sized 1 car garage w/ 2 car driveway. Backyard has an extended patio that goes all the way around the home with a storage shed and a dog run. Ideally located within minutes from UTSA, La Cantera, Fiesta Texas & City Walking/Biking Trails. The neighborhood offers recreation amenities that include a large swimming pool, tennis & basketball courts, sand volleyball, and a playground. Call and make an appointment 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: 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
 

$179,999$219,999$199,999

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$738
Property Tax -$449
Property Insurance -$127
HOA -$21
Property Management Fees -$99
CASH FLOW
$86

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.

$199,999

PROJECTED PRICE

$1,520

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 7.36%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,522

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5004$1,5205$1,575
$1,575
RENT COMPS ANALYSIS
  • 7535 Scenic Glade San Antonio, 4
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.88
    •  
  • 12918 Hunters Moon San Antonio, 1
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1989
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 7310 Hunters Land San Antonio, 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1989
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 7523 Echo Glade San Antonio, 3
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1993
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 12843 Hunting Bear San Antonio, 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Vikas Manda
1.210.428.1037
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478398
Last Updated: 08/21/2020
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