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7659 Heavenly Arbor San Antonio, TX 78254

4 Beds 2 Baths 1,899 sqft Built 2016

$250,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $131.65
  • 3 Days on Market
  • MLS # : 1493694
  • Updated Date : 11/06/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Gsar, Llc

Listing Agent's Description

This gem is super charming!! Located in the Cross Creek subdivision off of 1560 between Shaenfield and Culebra. This One story home has 1899 SQFT and is listed as one of the TOP floor plans KB is currently building. With 4 bedrooms, 2 full baths, this home features a ton of upgraded lighting, wood tile flooring, fresh paint, granite countertops in the kitchen, a deep garden sink and a HUGE entertaining backyard!! Located on one if the bigger lots in the community, this home is almost a quarter of an acre, and is just minutes away from Sea World, Alamo Ranch Shopping Center, Northwest Vista College & a lot more! The amenities included are a swimming pool and park/playground! Northside Schools are: Franklin Elem, Folks Middle School, Harlan High School. NO CITY TAXES which means LOWER PAYMENT AND ELIGIBLE FOR NO DOWN PAYMENT!! schedule your showing 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: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7951488

* 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
Franklin Elementary School Primary Regular 559 37 NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Franklin Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 37
NA
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$922
Property Tax -$558
Property Insurance -$137
HOA -$33
Property Management Fees -$99
CASH FLOW
-$99

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.

$250,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.8%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,6504$1,7055$1,780
$1,780
RENT COMPS ANALYSIS
  • 7659 Heavenly Arbor San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 11618 Liberty Field San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 8007 Willow Country San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2006
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 11439 Impressive Way San Antonio, TX 4
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2018
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $0.88
    •  
  • 11334 Acuff Station San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2006
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.90
    •  
PROPERTY LISTING DETAILS
Monique Cardenas
1.210.254.8336
Gsar, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493694
Last Updated: 11/06/2020
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