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9542 Maidenstone Dr San Antonio, TX 78250

3 Beds 3 Baths 2,257 sqft Built 1991

$235,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $104.12
  • 3 Days on Market
  • MLS # : 1512654
  • Updated Date : 03/05/2021 at 23:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Phillips & Associates Realty

Listing Agent's Description

FEELS LIKE NEW! This freshly made ready two-story home is located in the diverse family friendly community of The Great Northwest. Conveniently located just a block from the community park with volleyball court, multiple playground accessories for kids and easy walking trail. Enter to find beautiful wood-look tile throughout the downstairs living spaces. There will be no complaints about small secondary bedrooms or lack of space, each bedroom complete with oversized walk in closet. The 4 foot wide staircase leads you to all bedrooms up with no carpet. Enjoy time on your extended covered patio with large mature trees. This home is turnkey and ready for it's new owners!

SEE MORE

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: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7611472

* 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
Northwest Crossing Elementary School Primary Regular 613 43 7
Connally Middle School Middle Regular 1,049 63 5
Taft High School High Regular 2,901 174 7

Northwest Crossing Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 43
7
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$816
Property Tax -$525
Property Insurance -$157
HOA -$21
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.

$235,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.8%
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$700k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,569

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5604$1,5755$1,595
$1,595
RENT COMPS ANALYSIS
  • 9542 Maidenstone Dr San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.69
    •  
  • 9550 Coolbrook San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1984
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 9506 Campton Farms San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 9806 Hearthglen San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
  • 9211 Linbrooke San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1984
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
PROPERTY LISTING DETAILS
Dana Phillips
1.210.846.5444
Phillips & Associates Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512654
Last Updated: 03/05/2021
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