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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $118.13
- 4 Days on Market
- MLS # : 1501047
- Updated Date : 12/26/2020 at 01:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,820 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker D'ann Harper
Listing Agent's Description
Come home to the very nice, pretty and clean one-story home on a large corner lot. The bright and airy floor plan features 3 bedrooms, 2 baths, 2 garage, split bedrooms, laundry room and formal dining or study. The master bedroom has a large sitting room that could be a study or TV room and an abundance of storage. The drive way is extra large with plenty room for several cars. The spacious living area has a fireplace, high ceilings and ceiling fan. Enjoy the fully equipped kitchen/breakfast area with refrigerator ('as is'), plenty of countertops and cabinets. There is security system, inside laundry with washer and dryer included ('as is') a storage building and an extra large garage with door opener. Updates include: roof, paint, gutters, laminate floors, commodes and AC/Heat. Don't miss the opportunity to own this well cared home in a popular neighborhood that offers a park and other amenities.
SEE MORE
- 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: New Territories
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Territories
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$480 | |
| Property Insurance | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$66
|
||
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.
$215,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
4.25
YEARS SAVED
$9,696
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
9143 Points Edge San Antonio, TX 4
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.86
-
8807 Teaberry Dr San Antonio, TX 1
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,425
- $0.84
-
9823 Trendwood San Antonio, TX 2
- 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1990
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,475
- $0.83
-
8234 Cooks Pt San Antonio, TX 3
- 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1987
![property image]()
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,495
- $0.89
-
9235 Bowen Dr San Antonio, TX 5
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996
![property image]()
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,575
- $0.93
PROPERTY LISTING DETAILS
1.210.844.4513
Coldwell Banker D'ann Harper
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1501047
Last Updated: 12/26/2020
