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938 Clearview Dr San Antonio, TX 78228

3 Beds 2 Baths 2,001 sqft Built 1972

INVESTimate

$179,900

List Price

$1,530

$1,377 - $1,683

Rent Est.

$187,042  ( +3.97%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $89.91
  • 8 Days on Market
  • MLS # : 1477983
  • Updated Date : 08/19/2020 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Bhgre Homecity

Listing Agent's Description

3 bedroom/2 bath 2000 sq ft plus Greenbelt Beauty. Look at all of these PLUSES: Cement fiber fence, 4 sides brick, covered patio, shed AND slab. Sprinkler system With large shade trees. METAL ROOF - updated windows - water softener - one garage door opener/2 car garage. Gameroom w fireplace.. HUGE master closet. Some Plumbing has been updated to PVC pipes - Loads of potential with this beauty. ***Possible foundation help needed - see cracks in utility room and exterior brick on side of garage ****

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: Rolling Ridge Club

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rolling Ridge Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Glass Elementary School Primary Regular 599 39 5
Neff Middle School Middle Regular 1,211 81 3
Holmes High School High Regular 2,808 171 5

Glass Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 39
5
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Holmes High School

  • Education Level: High
  • # of students: 2,808
  • # of teachers: 171
5
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$664
Property Tax -$402
Property Insurance -$143
HOA -$17
Property Management Fees -$99
CASH FLOW
$206

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$179,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 3.97%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$20,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,556

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5304$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 938 Clearview Dr San Antonio, 3
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.76
    •  
  • 5319 Fair Ridge Dr San Antonio, 1
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1968
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 4903 Newcome Dr San Antonio, 2
    • 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1959
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 5515 Ben Hur St San Antonio, 4
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1970
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 218 Bocawood Dr San Antonio, 5
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1957 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1957
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
PROPERTY LISTING DETAILS
Lisa Klein
1.210.508.4664
Bhgre Homecity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477983
Last Updated: 08/19/2020
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