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9815 Lauren Mist San Antonio, TX 78251

3 Beds 3 Baths 1,582 sqft Built 1998

$193,500

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $122.31
  • 3 Days on Market
  • MLS # : 1497053
  • Updated Date : 11/29/2020 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Welcome Home to this CHARMING traditional style home in the great neighborhood of Creekside! You will have peace of mind of not having to paint the exterior siding. Sellers have already done that for you! Beautiful mature trees. Open floor plan great for entertaining family and friends. Enjoy ceramic tile and wood laminate throughout the home- Large living room area, spacious kitchen with updated stylish granite counter tops-updated in 2017, built in microwave, large walk-in pantry with plenty of storage, all bedrooms upstairs. Cozy and Large Master Suite features walk-in closet, ceiling fan & full bath-updated in 2017. Outside, enjoy gorgeous Texas days within the privately fenced back yard with extended patio and convenient storage shed. Solar Screens to help w/utility costs. AC replaced in 2016, Roof replaced in 2015, Dishwasher replaced in 2017, This home is a MUST SEE! The home is selling as is.

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
 

$174,150$212,850$193,500

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$714
Property Tax -$432
Property Insurance -$118
HOA -$22
Property Management Fees -$99
CASH FLOW
$5

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.

$193,500

PROJECTED PRICE

$1,390

PROJECTED RENT

0.72%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,028

INVESTMENT

$57,028

Down Payment
$48,375
Rehab Estimate
$5,750
Closing Costs
$2,903

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$714

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,375
Loan Amount $145,125
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2993$1,3754$1,3905$1,395
$1,395
RENT COMPS ANALYSIS
  • 9815 Lauren Mist San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.88
    •  
  • 9703 Alexa Place San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1998
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 9947 Lauren Mist San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1998
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.82
    •  
  • 5114 Elk Creek San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 9739 Criswell Crk San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lorena Lanese
1.210.649.8522
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497053
Last Updated: 11/29/2020
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