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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $109.64
- 2 Days on Market
- MLS # : 1504401
- Updated Date : 01/16/2021 at 15:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,276 sqft
- Baths : 2 full
Listing Agent
The Horn Company Residental
Listing Agent's Description
One Owner Home in the Great Northwest. 3/2 One Story ,A Little TLC and clean up this could be a great first home or investment property. Priced below Tax Appraisal. This is a AS/IS sale. Seller will do no Repairs. Please verify all information provided. Owner is a Collector. A Few personal items will still be removed prior to closing but clean up will be buyers responsibility. Owner has water turned off due to possible water main leak. (green spot in grass)
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: Great Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Great Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,290 |
EXPENSES | Loan Payment | -$486 |
Property Tax | -$318 | |
Property Insurance | -$101 | |
HOA | -$24 | |
Property Management Fees | -$99 | |
CASH FLOW
$263
|
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.
$139,900
PROJECTED PRICE
$1,290
PROJECTED RENT
0.92%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.41% |
Appreciation Year (1-5) | 8.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.02% |
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
$42,824
LOAN DETAILS
$486
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $34,975 |
Loan Amount | $104,925 |
11.33
YEARS SAVED
$24,036
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,292
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.326.6031
The Horn Company Residental
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1504401
Last Updated: 01/16/2021