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9802 Alexa Pl San Antonio, TX 78251

4 Beds 3 Baths 2,959 sqft Built 1998

$275,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $92.94
  • 3 Days on Market
  • MLS # : 1508257
  • Updated Date : 02/05/2021 at 23:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,959 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

EXQUISITE HOME FULLY LANDSCAPED ,SOLAR SCREENS WILL CONVEY, NEIGHBORHOOD AMENITIES. EASEY ACCES TO 1604 LOOP AND 410. NICE AND VERY CLEAN HOUSE. LARGE MASTERROOM. GREEN BELT ON THE BACK OF THE HOUSE. THIS HOME WOULD NOT LAST .

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: San Antonio Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7561472

* 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
Raba Elementary School Primary Regular 787 53 8
Zachry Middle School Middle Regular 1,076 64 4
Warren High School High Regular 3,052 176 7

Raba Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 53
8
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$955
Property Tax -$614
Property Insurance -$198
HOA -$21
Property Management Fees -$99
CASH FLOW
-$137

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.

$275,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.1%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 9802 Alexa Pl San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,959 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.59
    •  
  • 2625 Westover View San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 2000
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 8502 Cottage Park San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1999
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.60
    •  
  • 6010 Old Chimney San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2004
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
  • 9642 Calmont Way San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 2012
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
PROPERTY LISTING DETAILS
Abigail Cortez
1.210.812.0802
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508257
Last Updated: 02/05/2021
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