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9603 Caney Creek Dr San Antonio, TX 78245

3 Beds 2 Baths 1,542 sqft Built 1973

$200,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $129.70
  • 3 Days on Market
  • MLS # : 1500412
  • Updated Date : 12/18/2020 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

BEAUTIFUL & FULLY REMODELED SINGLE STORY ! OPEN CONCEPT , VOLTED CEILINGS W/ PLENTY OF NATURAL LIGHT & BRIGHT LOOK, 3 BEDROOMS - 2 FULL BATH - NEW LUXURY VINYL FLOORING, NEW LIGHTING & WATER FIXTURES, NEW ROOF, NEW EXTERIOR & INTERIOR PAINT, NEW KITCHEN CABINETS, COMPLETELY UPDATED BATHROOMS, NEW STAINLESS STEAL APPLIANCES, CORNER LOT, 2 CAR GARAGE, NEW GARAGE DOOR OPENER, FIREPLACE AND MORE ... THE OWNER DID THIS HOME THE RIGHT WAY, A MUST SEE...

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: Adams Hill

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Adams Hill

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
Adams Hill Elementary School Primary Regular 580 43 4
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Adams Hill Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 43
4
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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$738
Property Tax -$446
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$79

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.

$200,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 9.8%
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$700k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,345

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,3204$1,4255$1,425
$1,425
RENT COMPS ANALYSIS
  • 9603 Caney Creek Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.86
    •  
  • 1134 Klondike St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 9106 Mobile Bay St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1972
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 2107 Dove Crk San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1984
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 1223 Bay Horse Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1974
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jaime Marin
1.210.219.0509
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500412
Last Updated: 12/18/2020
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