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823 Celosia San Antonio, TX 78245

4 Beds 3 Baths 2,680 sqft Built 2008

$249,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $93.25
  • 2 Days on Market
  • MLS # : 1498274
  • Updated Date : 12/05/2020 at 22:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Preferred, Realtors

Listing Agent's Description

Home features 4 bedrooms, 3 upstairs with game room, master down, large family room open to kitchen. Separate dining room is currently being used as a 3rd lving space. Large kitchen with tons of storage. HVAC replaced in 2020. Neighorhood amenties include plyground and pool. Home is move in ready. Located just outside Loop 1604 off Potranco Rd. Convenient and easy access to major highways to 1604, IH-10, UTSA, USAA, puts you within minutes of JBSA-LACKLAND and hospitals.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Behlau Elementary School Primary Regular 820 50 4
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Behlau Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 50
4
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$922
Property Tax -$558
Property Insurance -$182
HOA -$32
Property Management Fees -$99
CASH FLOW
-$143

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.

$249,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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$600k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 823 Celosia San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 11718 Dogwood Tree San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2005
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 11650 Sweet Pea Run San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2010
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.61
    •  
  • 646 Daisy Crossing San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2007
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.61
    •  
  • 734 Daisy Crossing San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
PROPERTY LISTING DETAILS
Charles Nall
1.210.818.0669
Re/max Preferred, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498274
Last Updated: 12/05/2020
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