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9031 Canter Horse San Antonio, TX 78254

3 Beds 3 Baths 2,238 sqft Built 2013

$255,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $113.94
  • 2 Days on Market
  • MLS # : 1503174
  • Updated Date : 01/09/2021 at 21:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,238 sqft
  • Baths : 2 full , 1 half
Listing Agent

Reliance Residential Realty-bl

Listing Agent's Description

Don't miss this lovely 2 story home located in Wildhorse Vista. Inside features 2238 square feet with 3 bedrooms, 2.1 bathrooms. Downstairs, there is a formal office, and a spacious living room attached to a kitchen/dining area. The kitchen features lots of cabinet and countertop space with and a vent-hood. There is also plenty of pantry space in the pantry/utility/laundry room. Upstairs features a game room/loft/second living area attached to full bath and the 3 bedrooms with walk-in closets. Outside gives you a generous backyard with mature mesquite trees to keep the smoker filled and planters built along the fence. Check this one out before it's gone!

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*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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$886
Property Tax -$569
Property Insurance -$156
HOA -$21
Property Management Fees -$99
CASH FLOW
-$151

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.

$255,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.62%

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5803$1,6454$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 9031 Canter Horse San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.71
    •  
  • 9604 Dublin Green San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2006
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 9047 Canter Horse San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2013
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.76
    •  
  • 11203 Dublin Trace San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2005
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 10814 Mustang Oak Dr San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 2011
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Dale Hancock
1.210.995.5459
Reliance Residential Realty-bl
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503174
Last Updated: 01/09/2021
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