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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $102.61
- 3 Days on Market
- MLS # : 1500321
- Updated Date : 12/18/2020 at 17:06
CONSTRUCTION
- Beds : 5
- Floor Size : 2,680 sqft
- Baths : 3 full , 1 half
Listing Agent
Opendoor Brokerage Llc
Listing Agent's Description
Built in 2016, this San Antonio two-story home offers a patio, granite countertops, and a two-car garage. This home is vacant and cleaned regularly. This home has been virtually staged to illustrate its potential! Thanks for viewing!
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 | $2,000 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$614 | |
| Property Insurance | -$182 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$275,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.73%
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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.25
YEARS SAVED
$8,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,131
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- $2,100
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LEASED 12/10/20- Rent
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- $2,150
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8926 Ironwood Hill San Antonio, TX 5
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LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
PROPERTY LISTING DETAILS
1.214.378.3667
Opendoor Brokerage Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500321
Last Updated: 12/18/2020
