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9103 Highland Star San Antonio, TX 78254

3 Beds 2 Baths 2,632 sqft Built 2017

$339,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $128.80
  • 2 Days on Market
  • MLS # : 1501859
  • Updated Date : 01/02/2021 at 06:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,632 sqft
  • Baths : 2 full
Listing Agent

Kimberly Howell Properties

Listing Agent's Description

Meticulously loved and maintained, this beautiful single story Ashton Woods home sits on an oversized lot of Remuda Ranch. Enjoy an open floorplan that invites others to gather around the impressive kitchen island. When it is time to get away, secluded master bedroom large enough for a sitting area, opens to an spa escape with large garden tub, airy walk-in shower, and dual closets. Adapting to today's needs won't be difficult with an office AND flex space that can be used as a secondary office or a media room, plus formal dining space and large breakfast area. Mud room helps to keep house clean when you come home through the 3-car garage. Top of the line water softener conveys. Highly rated schools, near Lackland, shopping, theme parks, close to USAA, and easy access to main roads. Move-in Ready, don't wait to build!

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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Kallison Elementary School

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

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

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

$305,100$372,900$339,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,251
Property Tax -$757
Property Insurance -$179
HOA -$33
Property Management Fees -$99
CASH FLOW
-$119

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.

$339,000

PROJECTED PRICE

$2,200

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$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$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$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 9103 Highland Star San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,632 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 8531 Sandy Meadows San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 8442 Cedar Meadows San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 13419 Canadian Parke San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 8907 Highland Gate San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2016
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tatiana Delaserna
1.210.430.9111
Kimberly Howell Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501859
Last Updated: 01/02/2021
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