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9527 Millers Ridge San Antonio, TX 78239

4 Beds 2 Baths 1,936 sqft Built 1978

$210,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $108.47
  • 2 Days on Market
  • MLS # : 1495213
  • Updated Date : 11/15/2020 at 04:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

San Antonio's Finest Realty

Listing Agent's Description

This house is a must see. This 4 bedroom/2 bath has 2 living rooms with lots of space. The spacious master is connected to a bedroom which makes a great nursery or sitting room. Relax in your sun room overlooking the pool. Extra storage with a shed. Located near I-35 for access to shops and travel.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

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
Montgomery Elementary School Primary Regular 632 46 2
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 46
2
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$775
Property Tax -$469
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
-$91

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.

$210,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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-$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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,335
1$1,3352$1,3903$1,3954$1,3995$1,525
$1,525
RENT COMPS ANALYSIS
  • 9527 Millers Ridge San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.72
    •  
  • 8503 Selendine San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 1977
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.67
    •  
  • 6402 Fishers Cove San Antonio, TX 3
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1977
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 9507 Millers Ridge San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1980
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.76
    •  
  • 9438 Bending Crest San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1997
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
PROPERTY LISTING DETAILS
Elliott Valdez
1.210.286.9540
San Antonio's Finest Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495213
Last Updated: 11/15/2020
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