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935 Magnolia Hill San Antonio, TX 78251

4 Beds 3 Baths 1,961 sqft Built 2003

$240,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $122.39
  • 6 Days on Market
  • MLS # : 1509975
  • Updated Date : 02/17/2021 at 19:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,961 sqft
  • Baths : 2 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This San Antonio two-story cul-de-sac home offers a two-car garage. This home is vacant and cleaned regularly. This home has been virtually staged to illustrate its potential.

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MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

* 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
Murnin Elementary School Primary Regular 915 52 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Murnin Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 52
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$140
HOA -$20
Property Management Fees -$99
CASH FLOW
-$58

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.

$240,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.65%

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$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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$2,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4754$1,5505$1,570
$1,570
RENT COMPS ANALYSIS
  • 935 Magnolia Hill San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.80
    •  
  • 10134 Trailhead Pass San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2003
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 10026 Collenback Run San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2006
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.79
    •  
  • 10011 Collenback Run San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.71
    •  
  • 618 Barrow Peak San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2005
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509975
Last Updated: 02/17/2021
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