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803 De Kalb St San Antonio, TX 78245

3 Beds 2 Baths 1,706 sqft Built 1978

$196,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $114.89
  • 5 Days on Market
  • MLS # : 1516047
  • Updated Date : 03/24/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,706 sqft
  • Baths : 2 full
Listing Agent

Ih 10 Realty

Listing Agent's Description

Beautiful home in an established neighborhood. Walking distance to neighborhood Duck Pond, Park and Pool. Quick access to Highways 151, 410, 90 and Loop 1604. Close to grocery stores, shopping centers, restaurants, and much more. This home, located at the corner of a quiet cul-de-sac, has a huge yard enwrapped in a privacy fence. The open floor plan and abundance of windows allows natural light to pour in. Mature trees provide ample shade. The new AC will keep you cool in the Texas summer. Come see this home as soon as possible!

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$176,400$215,600$196,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$681
Property Tax -$438
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$117

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.

$196,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
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$10k

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$57,690

INVESTMENT

$57,690

Down Payment
$49,000
Rehab Estimate
$5,750
Closing Costs
$2,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$681

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,000
Loan Amount $147,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$10,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4254$1,4605$1,495
$1,495
RENT COMPS ANALYSIS
  • 803 De Kalb St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.86
    •  
  • 10343 Prescott Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 10430 Tippecanoe Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1992
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 1223 Bay Horse Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 654 Cypresscliff Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,638 Sqft ∙ Built 1986
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Emerald Monreal
1.210.975.9438
Ih 10 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1516047
Last Updated: 03/24/2021
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