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7715 Red Hill Pl San Antonio, TX 78240

3 Beds 2 Baths 1,685 sqft Built 1985

$224,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $133.47
  • 7 Days on Market
  • MLS # : 1495292
  • Updated Date : 11/17/2020 at 03:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Five Star Locating, Llc

Listing Agent's Description

Don't miss out on this beautiful single story home in desired Apple Creek subdivision just minutes from the Med Center, USAA, UTSA and so much more! This 3 bedroom gem is located in a quiet cul-de-sac and has been freshly painted both inside and out! The high ceilings, stunning, cozy fireplace and tons of natural light in the large living room makes a perfect place for entertaining. All bedrooms offer walk in closets including a huge master en-suite!! This home also features light oak laminate flooring in all common areas, both breakfast and dining positioned off open kitchen looking out to a perfect covered patio which leads to a large private backyard. Walking distance to community center with pool, playground and park! This one won't last long!!

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: 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
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$830
Property Tax -$502
Property Insurance -$124
HOA -$26
Property Management Fees -$99
CASH FLOW
-$131

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.

$224,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.64%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 7715 Red Hill Pl San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 6331 Tally Gate San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 7739 Nimrod San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1985
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6222 Colony Creek San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1992
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 6207 John Chapman San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Brian Bischoffberger
1.210.391.5068
Five Star Locating, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495292
Last Updated: 11/17/2020
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