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INVESTimate
$179,000
List Price
$53,185
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $130.47
- 3 Days on Market
- MLS # : 1478950
- Updated Date : 08/25/2020 at 18:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,372 sqft
- Baths : 2 full
Listing Agent
Keller Williams Legacy
Listing Agent's Description
Investment property located in New Territories
SEE MORE
- 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: New Territories
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Territories
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,300 |
EXPENSES | Loan Payment | -$660 |
Property Tax | -$400 | |
Property Insurance | -$106 | |
Property Management Fees | -$99 | |
CASH FLOW
$35
|
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.
$179,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.31% |
Appreciation Year (1-5) | 7.15% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.54% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,185
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $44,750 |
Loan Amount | $134,250 |
3.58
YEARS SAVED
$6,687
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,297
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.386.1525
Keller Williams Legacy
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1478950
Last Updated: 08/25/2020