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805 Garden Meadow Dr Universal City, TX 78148

3 Beds 2 Baths 1,205 sqft Built 1983

$185,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $153.53
  • 2 Days on Market
  • MLS # : 1508553
  • Updated Date : 02/07/2021 at 04:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,205 sqft
  • Baths : 2 full
Listing Agent

Gloria M. Hernandez

Listing Agent's Description

Well maintained property, recent upgrade, close to schools, shopping center and more!

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: Universal City

ZipNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $91k205k

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

Neighborhood: Universal City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8441472

* 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
Salinas Elementary School Primary Regular 624 40 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Salinas Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 40
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$643
Property Tax -$426
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$14

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.

$185,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$3,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,115

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2503$1,2504$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 805 Garden Meadow Dr Universal City, TX 4
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
  • 120 Medicine Rock Universal City, TX 1
    • 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1977
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.91
    •  
  • 122 Bolerio Dr Universal City, TX 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1978
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 10607 Cross Plains Converse, TX 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 198 High Oak Universal City, TX 5
    • 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,489 Sqft ∙ Built 1981
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Gloria Hernandez
1.562.619.8717
Gloria M. Hernandez
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508553
Last Updated: 02/07/2021
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