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954 Brighton San Antonio, TX 78211

3 Beds 2 Baths 1,289 sqft Built 2020

$182,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $141.89
  • 4 Days on Market
  • MLS # : 1501733
  • Updated Date : 12/31/2020 at 20:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,289 sqft
  • Baths : 2 full
Listing Agent

Vortex Realty

Listing Agent's Description

Beautiful newly built home on the cities southside. Stone front exterior. In established neighborhood. Close to I35S and nearby amenities. All hard flooring. No carpet. Ceramic tile in kitchens and baths. Laminate flooring in bedrooms. Granite countertops in kitchen with shaker style cabinets . A must see home. Don't let this great home pass you by

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: Central City

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $54k204k

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

Neighborhood: Central City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6491456

* 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
Stonewall-flanders Elementary School Primary Regular 816 47 3
A Leal Jr Middle School Middle Regular 804 58 4
Harlandale High School High Regular 1,958 143 3

Stonewall-flanders Elementary School

  • Education Level: Primary
  • # of students: 816
  • # of teachers: 47
3
GreatSchools Rating

A Leal Jr Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 58
4
GreatSchools Rating

Harlandale High School

  • Education Level: High
  • # of students: 1,958
  • # of teachers: 143
3
GreatSchools Rating
 

$164,610$201,190$182,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$675
Property Tax -$408
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$4

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$182,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,469

INVESTMENT

$50,469

Down Payment
$45,725
Rehab Estimate
$2,000
Closing Costs
$2,744

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,725
Loan Amount $137,175
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,400
$1,400
RENT COMPS ANALYSIS
  • 954 Brighton San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.99
    •  
  • 1147 Keats St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 2008
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.27
    •  
  • 426 Cantrell Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jonathan Leos
1.210.396.1652
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501733
Last Updated: 12/31/2020
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