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7655 Claridge San Antonio, TX 78250

3 Beds 2 Baths 1,328 sqft Built 1995

$178,500

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $134.41
  • 8 Days on Market
  • MLS # : 1495253
  • Updated Date : 11/16/2020 at 01:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Realty Executives Access

Listing Agent's Description

A one story gem! Per seller, fresh paint throughout, the vanities/toilets have been replaced, beautiful french doors installed in living room to the backyard, roof replaced, some siding replaced, and a lovely patio/deck area was designed for the backyard. Stylish "wood look" tile for interior floors throughout. Kitchen is bright and airy with a neutral grey and white color scheme. Approximately 12 minutes from shopping, dining, and entertainment at Alamo Ranch Shopping Center, approx 14 min from HEB grocery. Please confirm school boundaries with Northside School District. Come see this home before it's sold!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7611472

* 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
Northwest Crossing Elementary School Primary Regular 613 43 7
Zachry Middle School Middle Regular 1,076 64 4
Taft High School High Regular 2,901 174 7

Northwest Crossing Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 43
7
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Taft High School

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

$160,650$196,350$178,500

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$659
Property Tax -$398
Property Insurance -$104
HOA -$17
Property Management Fees -$99
CASH FLOW
$34

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.

$178,500

PROJECTED PRICE

$1,310

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,053

INVESTMENT

$53,053

Down Payment
$44,625
Rehab Estimate
$5,750
Closing Costs
$2,678

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$659

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,625
Loan Amount $133,875
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$7,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,298

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2753$1,3104$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 7655 Claridge San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.99
    •  
  • 7539 Rimhurst San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1986
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.00
    •  
  • 7234 Enchanted Flame St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1983
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.92
    •  
  • 7611 Heathridge San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1994
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.99
    •  
  • 7619 Alverstone Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1992
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Carmen Borg
1.210.776.8362
Realty Executives Access
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495253
Last Updated: 11/16/2020
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