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9623 Wolf Pt San Antonio, TX 78251

4 Beds 3 Baths 2,609 sqft Built 2003

$245,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $93.91
  • 4 Days on Market
  • MLS # : 1499106
  • Updated Date : 12/10/2020 at 21:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,609 sqft
  • Baths : 2 full , 1 half
Listing Agent

Premier Realty Group

Listing Agent's Description

WONDERFUL HOME! 4,2.5,2 CLOSE TO LACKLAND AF BASE & NEW SHOPPING! MANY FEATURES INCLUDING OPEN BREAKFAST AREA W/GOURMET KITCHEN, UPGRADED APPLIANCES & WRAPAROUND COUNTER TOP!! LARGE LIVING & FORMAL DINING ROOM SURROUNDED WITH CROWN MOULDING! LGE MASTER HAS HIS & HER CLOSETS! DECORATOR COLOR.BEAUTIFUL OAKS* LIGHTING, WIRED FOR SURROUND SOUND,PLAY SCAPE, TECH SHIELD,12 SEER HVAC,GUTTERS*WATER SOFTNER,BUILT OUT PATIO,1 YR. HOME WARRANTY*

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Murnin Elementary School Primary Regular 915 52 6
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Murnin Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 52
6
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$904
Property Tax -$547
Property Insurance -$178
HOA -$15
Property Management Fees -$99
CASH FLOW
-$12

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.

$245,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,7254$1,7305$1,850
$1,850
RENT COMPS ANALYSIS
  • 9623 Wolf Pt San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.66
    •  
  • 1018 Dakota Pass San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2004
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.67
    •  
  • 1019 Justin Terrace San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 1818 Mountain Star San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2004
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.66
    •  
  • 9034 Broadmoor Bend San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
PROPERTY LISTING DETAILS
Robert Cortez
1.210.846.3345
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499106
Last Updated: 12/10/2020
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