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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $135.83
- 5 Days on Market
- MLS # : 1501572
- Updated Date : 12/30/2020 at 20:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,414 sqft
- Baths : 3 full
Listing Agent
Levi Rodgers Real Estate Group
Listing Agent's Description
This glamorous and completely distinctive 4 bedroom, 3 bathroom, 2 story home nestled in the highly coveted Still Water Ranch community, offers 2 living areas and 2 kitchens! Upon entering, one will be welcomed by a tall foyer that leads to a well-lit living room with high soaring ceilings, and an impressive chef's kitchen. Cooking and entertaining will be a delight in this gourmet kitchen, outfitted with an expansive middle island, granite countertops, and custom backsplash. The dreamy downstairs primary bedroom equipped with a spa-like en-suite bathroom including double-vanity sinks, a garden tub, a walk-in shower, and a deep walk-in closet. The main floor also features a lofty laundry room, covered patios, a fully fenced backyard, and a 2-car garage. The upstairs consists of an additional living area, a 4th generously sized bedroom, and a full bathroom. Enjoy the beautiful community that features lighted tennis courts, basketball courts, a 6,000 sq. ft. swimming facility, clubhouse, on-site Scarborough Elementary school, biking, hiking, walking, jogging trails, and much more!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,210 |
| Property Tax | -$732 | |
| Property Insurance | -$166 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$229
|
||
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.
$327,900
PROJECTED PRICE
$2,030
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$92,644
LOAN DETAILS
$1,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,975 |
| Loan Amount | $245,925 |
0.58
YEARS SAVED
$1,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,034
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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8743 Shady Mtn San Antonio, TX 2
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- $2,050
- $0.85
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- 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2016
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,105
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-
8609 Lajitas Bend San Antonio, TX 5
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LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,150
- $0.88
PROPERTY LISTING DETAILS
1.210.784.6585
Levi Rodgers Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1501572
Last Updated: 12/30/2020
