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7807 Bluewater Cove San Antonio, TX 78254

4 Beds 3 Baths 2,173 sqft Built 2019

INVESTimate

$289,900

List Price

$1,850

$1,665 - $2,035

Rent Est.

$301,206  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $133.41
  • 9 Days on Market
  • MLS # : 1477701
  • Updated Date : 08/25/2020 at 19:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,173 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

This Presidio plan at Talise de Culebra features 4 bedrooms, 2.5 baths and an attached 2-car garage. This home has been designed with an open layout and includes thousands of dollars in upgrades like stainless-steel kitchen appliances, granite countertops, designer cabinetry, a WiFi-enabled garage door opener and more. Outside you will find an inviting brick and stone covered porch entrance, front yard landscaping, a fully fenced backyard and spacious covered back patio.

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,070
Property Tax -$638
Property Insurance -$152
HOA -$42
Property Management Fees -$99
CASH FLOW
-$151

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 3.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,824

INVESTMENT

$78,824

Down Payment
$72,475
Rehab Estimate
$2,000
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 7807 Bluewater Cove San Antonio, 4
    • 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 12611 Perini Ranch San Antonio, 1
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2007
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 13003 Waterlily Way San Antonio, 2
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2012
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.90
    •  
  • 12898 Cedarcreek Trail San Antonio, 3
    • 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 2017
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 8213 Oak Harvest Dr San Antonio, 5
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2017
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mona Dale Hill
1.281.362.8998
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477701
Last Updated: 08/25/2020
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