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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $137.75
- 3 Days on Market
- MLS # : 1496052
- Updated Date : 11/21/2020 at 21:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,343 sqft
- Baths : 2 full , 1 half
Listing Agent
Golden Real Estate
Listing Agent's Description
Don't miss out on this beautifully maintained 2 story home in the popular Bridgewood neighborhood. This home is conveniently located just minutes away from Bandera Pointe, Alamo Ranch, UTSA, and La Cantera. When you enter the home you're greeted by a spacious living area that leads into a bright, open kitchen area with stainless steel appliances. The refrigerator comes with the home! Upstairs you'll find all 3 bedrooms including a spacious master bedroom with dual closets that lead you into the master bathroom. While there are 2 full bathrooms upstairs, there is also a half bathroom that guests can use downstairs. The roof was replaced approximately 5 months ago. This lovely home could be yours. Don't wait, call today and schedule a showing!
SEE MORE
- 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: Bridgewood Homeowners Association
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgewood Homeowners Association
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$413 | |
| Property Insurance | -$105 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$28
|
||
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
$1,300
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
2.42
YEARS SAVED
$3,741
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 -
$0.97
LIST RENT PER SQFT
-
$1,296
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,325
- $0.96
-
8014 Palmetto Pl San Antonio, TX 3
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LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,375
- $0.96
-
8115 Thicket Pass San Antonio, TX 4
- 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,399
- $0.97
-
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- 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,400
- $0.97
PROPERTY LISTING DETAILS
1.210.643.6133
Golden Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1496052
Last Updated: 11/21/2020
