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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,053
LOAN DETAILS
$659
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,625 |
| Loan Amount | $133,875 |
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
-
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
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- $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
1.210.776.8362
Realty Executives Access
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1495253
Last Updated: 11/16/2020
