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9106 Blockade Dr San Antonio, TX 78240

3 Beds 2 Baths 1,628 sqft Built 1986

$245,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $150.49
  • 2 Days on Market
  • MLS # : 1501090
  • Updated Date : 12/26/2020 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Bhhs Penfed Realty

Listing Agent's Description

Don't Miss Out!! 3/2.5 on a cul-de-sac on an oversized lot. Stained concrete floors, updated kitchen with gas stove, fireplace in living area is the perfect cozy space for the family. Back yard features expanded wood deck, greenhouse and enough room for a pool! Mature trees all over the lot. Home is located just minutes away from Medical Center.

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: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k239k

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

Neighborhood: Alamo Farmsteads

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451565

* 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
Thornton Elementary School Primary Regular 700 46 6
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Thornton Elementary School

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 46
6
GreatSchools Rating

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$904
Property Tax -$547
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$71

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.

$245,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.7%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,604

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9106 Blockade Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 9303 Charleston Ln San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1987
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.96
    •  
  • 9315 Andersonville Ln San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1986
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 9303 Zebulon Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1986
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 9319 Andersonville Ln San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1987
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Teresa Fuentes
1.210.833.7147
Bhhs Penfed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501090
Last Updated: 12/26/2020
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