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7806 Mesquite Farm San Antonio, TX 78239

4 Beds 3 Baths 2,645 sqft Built 2006

$215,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $81.29
  • 3 Days on Market
  • MLS # : 1492646
  • Updated Date : 11/02/2020 at 02:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Icon Realty

Listing Agent's Description

TWO STORY HOUSE, LOTS OF SPACE, FOUR BEDROOMS AND A GAME ROOM, TWO LIVING AREAS, KITCHEN GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, FRIDGE NEGOTIABLE. STABLISHED COMMUNITY, EASY ACCESS TO MAJOR HIGHWAY 35.

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: 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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$793
Property Tax -$480
Property Insurance -$180
HOA -$17
Property Management Fees -$99
CASH FLOW
$31

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.

$215,000

PROJECTED PRICE

$1,600

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$6,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5503$1,5994$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 7806 Mesquite Farm San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.60
    •  
  • 4934 Orchid Star San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2004
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.60
    •  
  • 7430 Primrose Post San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.62
    •  
  • 7727 Eastbrook Farm San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2004
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.62
    •  
  • 5927 Cielo Ranch San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2014
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
PROPERTY LISTING DETAILS
Luis Ramos
1.210.287.0593
Icon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492646
Last Updated: 11/02/2020
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