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9203 Savoy Sands San Antonio, TX 78254

3 Beds 3 Baths 2,241 sqft Built 2018

$299,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $133.42
  • 1 Days on Market
  • MLS # : 1545229
  • Updated Date : 07/13/2021 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,241 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Gorgeous 3 bedroom, 2.5 bath home features 2,241 square feet of living space. The kitchen offers an abundance of cabinet space and an eat-in island. Enjoy your home-cooked meal near the custom-built fireplace that has extra storage space on the side. A gorgeous view is yours! No neighbors to your left or behind you, and it's situated on a large lot. All bedrooms are located upstairs and have an oversized game/family room. The private hallway leads to a secluded master bedroom and a large walk-in closet. Valley Ranch Amenities include a water park, catch-and-release fishing, basketball courts, and walking trails to name a few. NISD schools, minutes to the Alamo Ranch shopping center and Hwy 1604.

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
Folks Middle School Middle Unknown NA
Harlan High School High Unknown NA

Folks Middle School

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

Harlan High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,039
Property Tax -$667
Property Insurance -$156
HOA -$63
Property Management Fees -$99
CASH FLOW
-$194

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.

$299,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8503$1,8954$1,9255$2,095
$2,095
RENT COMPS ANALYSIS
  • 9203 Savoy Sands San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.82
    •  
  • 8419 Angelina Parke San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 13927 Joplin Terrace San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016
    property image
    LEASED 04/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 13410 Colorado Parke San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2018
    property image
    LEASED 03/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.85
    •  
  • 9034 Double Oak San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016
    property image
    LEASED 04/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jennifer Evans
1.210.322.1558
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545229
Last Updated: 07/13/2021
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