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9002 Gallop Chase San Antonio, TX 78254

3 Beds 2 Baths 1,210 sqft Built 2006

$199,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.21
  • 3 Days on Market
  • MLS # : 1513836
  • Updated Date : 03/12/2021 at 20:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

San Antonio Portfolio Kw Re

Listing Agent's Description

Charming Single Story 3BR 2Bth Home Located In The Wildhorse Vista Community. Great Home For First Time Home Buyers Or Investment Property. Home Comes With Fridge & Washer/Dryer. Extremely Close To Park/Playground & Schools. Minutes From Medical, Restaurants & Entertainment. Must See!

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Field Elementary School Primary Regular NA
Jefferson Middle School Middle Regular 1,451 79 7
Harlan High School High Regular NA

Field Elementary School

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

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

Harlan High School

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

$179,910$219,890$199,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$694
Property Tax -$446
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$36

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.

$199,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.65%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,228

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,3004$1,4005$1,425
$1,425
RENT COMPS ANALYSIS
  • 9002 Gallop Chase San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 9222 Mare Country San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 2009
    property image
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 10707 N Shaenridge San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 2003
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 10727 N Shaenridge San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2003
    property image
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 9215 Mare Country San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,393 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,393 Sqft ∙ Built 2009
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.02
    •  
PROPERTY LISTING DETAILS
Richard Grimes
1.210.818.2882
San Antonio Portfolio Kw Re
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1513836
Last Updated: 03/12/2021
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