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9327 Chattanooga Dr San Antonio, TX 78240

3 Beds 2 Baths 1,422 sqft Built 1989

$224,899

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $158.16
  • 4 Days on Market
  • MLS # : 1508143
  • Updated Date : 02/06/2021 at 13:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Ca & Company, Realtors

Listing Agent's Description

You have found the neighborhood jewel, delicately cared for, and move in ready!! Hard to find, single story, three bedroom home ready close to the Medical Center, quiet cul de sac, flat driveway, two car garage, covered patio, private backyard, great floor plan!! This home is part of highly sought after Northside ISD. Easy access to major thoroughfares, this home has a lot to offer. Minutes from the Medical Center. Make your appointment today and don't miss it!! This home will not last!!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
 

$202,409$247,389$224,899

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$781
Property Tax -$502
Property Insurance -$105
HOA -$13
Property Management Fees -$99
CASH FLOW
-$129

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.

$224,899

PROJECTED PRICE

$1,370

PROJECTED RENT

0.61%

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

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$65,348

INVESTMENT

$65,348

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,373

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,674
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,371

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4003$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 9327 Chattanooga Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.02
    •  
  • 9327 Marblehill Dr San Antonio, TX 2
    • 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 3
    • 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
Cesar Amezcua
1.210.442.7479
Ca & Company, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508143
Last Updated: 02/06/2021
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