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835 Lee Trevino San Antonio, TX 78221

3 Beds 2 Baths 1,403 sqft Built 2013

$193,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

$56,895

Investment Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $137.56
  • 4 Days on Market
  • MLS # : 1506787
  • Updated Date : 01/29/2021 at 05:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,403 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Mission del Lago: This 3 Bedroom, 2 Bath, Beautiful Home is located in a great Golf Course Community with Pool, Playground, Clubhouse Amenities. 1 Story, Open Layout Floorplan. The Gorgeous Kitchen features Granite Countertops & overlooks the family room. GE Energy Star appliances (gas cooking), energy efficient 16 SEER AC w/gas furnace. Close to Lakes, 281Hwy, Texas A&M, Trails, and so much more.

SEE MORE

MARKET HIGHLIGHTS

San Antonio Market Report
  • 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: Heritage South

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $61k204k

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

Neighborhood: Heritage South

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
Southside High School High Regular 1,432 104 3

Southside High School

  • Education Level: High
  • # of students: 1,432
  • # of teachers: 104
3
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$173,700$212,300$193,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$670
Property Tax -$431
Property Insurance -$108
HOA -$25
Property Management Fees -$99
CASH FLOW
-$33

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.

$193,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,895

INVESTMENT

$56,895

Down Payment		 $48,250
Rehab Estimate		 $5,750
Closing Costs		 $2,895

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$670

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,250
Loan Amount $144,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$2,413

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

  • $0.93

    LIST RENT PER SQFT

  • $1,308

    COMP ESTIMATED VALUE

  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,5004$1,5005$1,625
$1,625
RENT COMPS ANALYSIS
  • 835 Lee Trevino San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 1107 Galapagos San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2018
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 927 Watson Way San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2018
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 11718 Pelican Cv San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2016
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 11510 Tiger Woods San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2017
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Jose Rodriguez
1.210.833.6877
Keller Williams Heritage
BUYER AGENT
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
SOURCE
San Antonio Board of Realtors ( SABOR)
MLS #: 1506787
Last Updated: 01/29/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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