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842 Magnolia Mist San Antonio, TX 78216

4 Beds 3 Baths 1,888 sqft Built 2002

$249,999

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $132.41
  • 3 Days on Market
  • MLS # : 1513806
  • Updated Date : 03/12/2021 at 15:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,888 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome home to this charming 4 Bed / 2.5 Bath Two story residence located in Park at Vista Del Norte subdivision. New Roof - February 2021. Spacious open floor plan with abundant natural light coming in from large windows. Warm Eat-In Island Kitchen with walk-in pantry and crisp white cabinets. Impressive Master Suite with walk-in closet and serene master bath with garden tub. Enjoy the large backyard with covered patio, privacy fence and mature trees - perfect for grilling/entertaining! The backyard greenbelt leads directly to Walker's Ranch Park Trails. This home creates the perfect family atmosphere. Don't miss out, request a showing today! PLEASE SEE ATTACHED VIDEO HOME TOUR: https://drive.google.com/file/d/1eZYOfO3QhxhU_gMrhb3bGL2lvOHOMP3C/view?ts=60400f84

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: River Road

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $67k472k

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

Neighborhood: River Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6791778

* 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
Twain Middle School Middle Regular 560 33 5
Edison High School High Magnet 1,688 97 3
Edison High School High Unknown NA

Twain Middle School

  • Education Level: Middle
  • # of students: 560
  • # of teachers: 33
5
GreatSchools Rating

Edison High School

  • Education Level: High
  • # of students: 1,688
  • # of teachers: 97
3
GreatSchools Rating

Edison High School

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

$224,999$274,999$249,999

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$868
Property Tax -$558
Property Insurance -$136
HOA -$50
Property Management Fees -$99
CASH FLOW
$79

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.

$249,999

PROJECTED PRICE

$1,790

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.5%
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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$8,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,083

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,9954$2,100
$2,100
RENT COMPS ANALYSIS
  • 842 Magnolia Mist San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.95
    •  
  • 831 Magnolia Mist San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2002
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 349 Claremont Ave San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 2017
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.19
    •  
  • 321 Burleson San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2016
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
PROPERTY LISTING DETAILS
Shane Neal
1.210.982.0405
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513806
Last Updated: 03/12/2021
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