Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

938 Fillmore Dr San Antonio, TX 78245

3 Beds 2 Baths 1,910 sqft Built 1983

$160,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $83.77
  • 6 Days on Market
  • MLS # : 1494362
  • Updated Date : 11/11/2020 at 01:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,910 sqft
  • Baths : 2 full
Listing Agent

Home Team Of America

Listing Agent's Description

INVESTOR SPECIAL! SEND ME ALL OFFERS! HOME WAS RENOVATED IN 2013 AND HAS BEEN A RENTAL SINCE. NEEDS A LITTLE TLC. OWNER IS RELATED TO LA.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

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

$144,000$176,000$160,000

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 -$590
Property Tax -$359
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
$265

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.

$160,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$27,283

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
  • $0.76

    LIST RENT PER SQFT
  • $1,514

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4004$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 938 Fillmore Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 10343 Prescott Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1983
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.75
    •  
  • 10303 Medallion St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1979
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 10474 Pine Glade San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1992
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 10454 Tippecanoe San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 1991
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tiffany Nilsson
1.210.777.2457
Home Team Of America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494362
Last Updated: 11/11/2020
BESbswy