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9314 Velvet Spring San Antonio, TX 78209

3 Beds 2 Baths 1,473 sqft Built 2003

$225,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $152.75
  • 6 Days on Market
  • MLS # : 1502357
  • Updated Date : 01/07/2021 at 05:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,473 sqft
  • Baths : 2 full
Listing Agent

Rubiola Realty

Listing Agent's Description

VERY DESIRED NEIGHBORHOOD CUL-DE-SAC LIVING NEAR PARKS AND AMMENITIES. You'll love this cozy 1-story home, situated in a friendly community right outside OF 1604 and Braun. Features include a screened in porch and a nice patio overlooking your yard. The kitchen is fully furnished. Home also includes, water softener, surround sound, tv mount found in the living area. Perfect size yard to entertain!

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*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $86k446k

* 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
Krueger Elementary School Primary Regular 1,071 64 9
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Krueger Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 64
9
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$782
Property Tax -$507
Property Insurance -$112
HOA -$25
Property Management Fees -$99
CASH FLOW
-$74

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.

$225,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,447

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4503$1,5504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 9314 Velvet Spring San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 10526 Marengo Ln San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.97
    •  
  • 10707 Tiger Horse Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 10418 Stallion Bay San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2004
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 9406 Lilly Valley San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2003
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
PROPERTY LISTING DETAILS
Daniel Ward
1.210.201.5945
Rubiola Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502357
Last Updated: 01/07/2021
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