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846 Barrel Pt San Antonio, TX 78251

3 Beds 3 Baths 1,721 sqft Built 2005

$195,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $113.31
  • 3 Days on Market
  • MLS # : 1506863
  • Updated Date : 01/29/2021 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,721 sqft
  • Baths : 2 full , 1 half
Listing Agent

T2m Real Estate

Listing Agent's Description

PRIDE IN OWNERSHIP TRULY SHOWS IN THIS EXTRA CHARMING, SUPER COZY & EXTRA CLEAN NW HOME NESTLED IN QUIET WESTOVER CROSSING! This adorable property features modern Int Paint, a private relaxing patio, the AC was replaced in 2016, & the roof replaced in 2020. The home also offers a practical floorplan that includes 3BR'S, 2.5 BTH,1st Flr Study/Office & Generous loft space. Plenty of space & Storage!! Close proximity to Seaworld, Lackland, Westover Market Place & local entertainment. https://tours.virtuance.com/public/vtour/display/1772697?idx=1#!/

SEE MORE

MARKET HIGHLIGHTS

  • 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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

* 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
Lewis Elementary School Primary Regular 794 51 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 794
  • # of teachers: 51
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$126
HOA -$22
Property Management Fees -$99
CASH FLOW
$90

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.

$195,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.74%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$9,635

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4004$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 846 Barrel Pt San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 870 Barrel Pt San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2005
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 849 Barrel Pt San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2005
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 10133 Boxing Pass San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2005
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 842 Barrel Pt San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2005
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jackie Hunter
1.210.573.2133
T2m Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506863
Last Updated: 01/29/2021
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