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9143 Points Edge San Antonio, TX 78250

3 Beds 2 Baths 1,820 sqft Built 1979

$215,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
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

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: New Territories

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: New Territories

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6591456

* 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
Brauchle Elementary School Primary Regular 616 41 7
Stevenson Middle School Middle Regular 1,361 81 6
O'connor High School High Regular 3,094 173 8

Brauchle Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 41
7
GreatSchools Rating

Stevenson Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 81
6
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

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
$1,425
1$1,4252$1,4753$1,4954$1,5705$1,575
$1,575
RENT COMPS ANALYSIS
  • 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
Delia Sutton
1.210.844.4513
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501047
Last Updated: 12/26/2020
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