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9134 Johnny Reb Dr San Antonio, TX 78240

3 Beds 2 Baths 1,701 sqft Built 1986

$225,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $132.28
  • 4 Days on Market
  • MLS # : 1507947
  • Updated Date : 02/06/2021 at 01:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,701 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

This beautiful and move-in ready 3 Bedroom 2 full bath home is located in the well established neighborhood of Lincoln Park. The open floor plan, high ceilings and free standing brick fireplace greet you when you walk through the front door. As you tour the home you will appreciate all it has to offer. A large kitchen for preparing family meals, a quint atrium to sit outside and enjoy your morning beverage, a master bedroom to escape to after a long day and so mush more that you'll want to call your own. You will also appreciate the TLC this well kept home has been given. DO NOT wait to schedule a showing. See it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$782
Property Tax -$502
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$8

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.

$225,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.67%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 9134 Johnny Reb Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 9214 Red Leg Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1990
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 9319 Andersonville Ln San Antonio, TX 3
    • 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
    •  
  • 9315 Marblehill Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1989
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 9310 Proclamation Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1990
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Santos Uriegas
1.210.625.2448
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507947
Last Updated: 02/06/2021
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