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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $124.78
- 2 Days on Market
- MLS # : 1505685
- Updated Date : 01/23/2021 at 16:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,041 sqft
- Baths : 2 full
Listing Agent
Hance Realty
Listing Agent's Description
Great opportunity to purchase a 3 bedroom with 2 full baths. Why pay rent when you can own for less? A must see to appreciate. Call agent for any questions.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Hidden Cove - Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Cove - Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,130 |
| EXPENSES | Loan Payment | -$451 |
| Property Tax | -$290 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$203
|
||
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.
$129,900
PROJECTED PRICE
$1,130
PROJECTED RENT
0.87%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| 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
$40,174
LOAN DETAILS
$451
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $32,475 |
| Loan Amount | $97,425 |
9.67
YEARS SAVED
$17,919
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,130
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,007
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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8850 Old Sky Harbor San Antonio, TX 4
- 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,130
- $1.09
-
8740 Port Of Call Dr San Antonio, TX 1
- 3 beds 2 baths ∙ 964 Sqft ∙ Built 1985 3 beds 2 baths ∙ 964 Sqft ∙ Built 1985
LEASED 03/26/20- Rent
- Rent Per SQFT
- $950
- $0.99
-
9110 Boston Harbor Dr San Antonio, TX 2
- 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 2001
LEASED 09/20/19- Rent
- Rent Per SQFT
- $1,000
- $0.91
-
8811 Catalina Bay San Antonio, TX 3
- 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,095
- $0.93
-
9216 Balboa Port Dr San Antonio, TX 5
- 4 beds 2 baths ∙ 1,201 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,201 Sqft ∙ Built 2002
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,245
- $1.04
PROPERTY LISTING DETAILS
1.210.632.2469
Hance Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1505685
Last Updated: 01/23/2021
