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9044 Boston Harbor Dr San Antonio, TX 78242

3 Beds 2 Baths 1,300 sqft Built 2002

$145,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $111.54
  • 3 Days on Market
  • MLS # : 1500445
  • Updated Date : 12/19/2020 at 18:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful home remodeled from top to bottom, big back yard and beautiful palm trees. An amazing opportunity for a starter home or investment. It is missing 4 fixtures in living room and 3 bedrooms. Please contact Listing Agent for other information. Seller may not have enough to pay any closing or any other fees like home warranty survey (although we have it on hand) please keep that in mind when submitting offer. Submit all offers to mike.gutierrez@exprealty.com Please use Melissa Torres with Capital Title 10999 W I-10 #320, SAN ANTONIO, TX 78230 mgarza@ctot.com Looking for a fast closing Please verify all measurements see additional info for offer instructions. Please contact listing agent before submitting any offer. Home is "As Is" Seller will not make any repairs.

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: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5481456

* 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
Sky Harbour Elementary School Primary Regular 649 42 5
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Sky Harbour Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 42
5
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 64
2
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$130,500$159,500$145,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$535
Property Tax -$324
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
$150

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.

$145,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,175

INVESTMENT

$44,175

Down Payment
$36,250
Rehab Estimate
$5,750
Closing Costs
$2,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,250
Loan Amount $108,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$15,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,209

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,0954$1,2105$1,325
$1,325
RENT COMPS ANALYSIS
  • 9044 Boston Harbor Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.93
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.93
    •  
  • 8522 Tesoro Hills San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mike Gutierrez
1.210.396.3449
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500445
Last Updated: 12/19/2020
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