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7727 Nopalitos Cove San Antonio, TX 78239

3 Beds 2 Baths 1,230 sqft Built 2019

$180,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $146.34
  • 31 Days on Market
  • MLS # : 1508202
  • Updated Date : 03/04/2021 at 16:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Super cute, well taken care of home on the Northeast side of town with a shed in the back! This home is in a small, private, cul-de-sac community.

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MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Hartman Elementary School Primary Regular 801 52 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Hartman Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 52
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$625
Property Tax -$402
Property Insurance -$98
HOA -$17
Property Management Fees -$99
CASH FLOW
$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$180,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$8,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,335

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,3954$1,4605$1,600
$1,600
RENT COMPS ANALYSIS
  • 7727 Nopalitos Cove San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.08
    •  
  • 6527 Hazy Glen San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 2018
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 7206 Cozy Run San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 2017
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 7234 Birch Stage San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,418 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,418 Sqft ∙ Built 2018
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.03
    •  
  • 6818 Dashmoor Crk San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2018
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stephanie Montoya
1.210.412.2821
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508202
Last Updated: 03/04/2021
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