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9730 Kelton Dr San Antonio, TX 78250

3 Beds 5 Baths 1,800 sqft Built 1987

$229,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $127.72
  • 2 Days on Market
  • MLS # : 1498248
  • Updated Date : 12/05/2020 at 21:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 3 full , 2 half
Listing Agent

Lifestyle Properties Of Texas

Listing Agent's Description

Jewel of the Neighborhood! Pristine 3 bedroom, 2 bath, 2 car garage, 2 living, 2 dining, 2 fireplaces, high ceiling, wood and ceramic flooring, covered patio. Owners bedroom is separate from other bedrooms and has fireplace, garden tub, separate shower, dual vanities and walk in closet. This house will not last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$848
Property Tax -$513
Property Insurance -$131
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 17% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.65%

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,3953$1,4954$1,5005$1,575
$1,575
RENT COMPS ANALYSIS
  • 9730 Kelton Dr San Antonio, TX 4
    • 3 beds 5 baths ∙ 1,800 Sqft ∙ Built 1987 3 beds 5 baths ∙ 1,800 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 7142 Webbwood Way San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1984
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
  • 9822 Kelton Drive San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 8234 Cooks Pt San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1987
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
  • 9235 Bowen Dr San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1996
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Linda Carr
1.210.410.0081
Lifestyle Properties Of Texas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498248
Last Updated: 12/05/2020
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