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9211 Red Leg San Antonio, TX 78240

3 Beds 2 Baths 1,396 sqft Built 1991

$219,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $157.52
  • 3 Days on Market
  • MLS # : 1511308
  • Updated Date : 02/27/2021 at 02:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,396 sqft
  • Baths : 2 full
Listing Agent

San Antonio Portfolio Kw Re

Listing Agent's Description

Charming And Well Maintained Single-Story Home In The Highly Sought Out Lincoln Park Community. Immaculate On The Inside With Incredibly Manicured Yard, Trees And Landscaping And A Fully Covered Patio Make This A Rare And Fantastic Opportunity. This 3 Bedroom, 2 Bath Offers Stainless Steel Appliances, Custom Paint Throughout, And A Great Family Floor Plan. Perfect For The Empty Nester Or A Young Family Just Starting Out... And In A Great Location Just Minutes From Major Medical As Well As Plenty Of Dining, Entertainment, and Shopping Options.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$764
Property Tax -$491
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$31

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.

$219,900

PROJECTED PRICE

$1,430

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

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,424

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4304$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 9211 Red Leg San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.02
    •  
  • 9327 Marblehill Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1989
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 9306 Zebulon Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1986
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.05
    •  
  • 9315 Andersonville Ln San Antonio, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Richard Grimes
1.210.818.2882
San Antonio Portfolio Kw Re
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511308
Last Updated: 02/27/2021
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