Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7714 Bay Berry San Antonio, TX 78240

3 Beds 3 Baths 1,688 sqft Built 1985

$195,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $115.52
  • 5 Days on Market
  • MLS # : 1510715
  • Updated Date : 02/25/2021 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,688 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Come and check out this amazing home in Northwest San Antonio! This 2 story, well maintained home is ready for its new owners. Cozy up next to the fireplace or entertain in the ample kitchen! Are you looking for privacy in your back yard? Ample privacy greens have grown and matured to provide a large area to enjoy while sitting on the back deck. With the community swimming pool, sports court and play area within walking distance, this home has it all. Call today to schedule your showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k230k

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

Neighborhood: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Rhodes Elementary School Primary Regular 650 40 5
Neff Middle School Middle Regular 1,211 81 3
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 40
5
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$125
HOA -$26
Property Management Fees -$99
CASH FLOW
$248

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.

$195,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$23,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,5954$1,5955$1,610
$1,610
RENT COMPS ANALYSIS
  • 7714 Bay Berry San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.95
    •  
  • 6207 John Chapman San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 6110 Broadmeadow San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 7738 Bay Berry San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 6334 Crab Orchard San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1986
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Emily Terrell
1.210.400.9191
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510715
Last Updated: 02/25/2021
BESbswy