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9815 Mill River Sq San Antonio, TX 78245

3 Beds 2 Baths 1,288 sqft Built 1981

$185,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $143.63
  • 3 Days on Market
  • MLS # : 1501065
  • Updated Date : 12/26/2020 at 01:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,288 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Welcome to this wonderfully maintained one story home in the heart of Heritage Farms. The interior has beautiful hardwood laminate flooring in every space! No carpet anywhere! You will love the open floor plan that connects the kitchen, living and dining space! The home is light and bright with plenty of windows. You will love this inviting kitchen with fresh granite counter tops, beautiful white color cabinets, stainless steel appliances and a breakfast bar area! There are ceiling fans throughout. The inviting master suite has a well maintained bathroom and walk in closet! The exterior has brick and vinyl siding for easy maintenance. Fantastic location close to 1604, 410, shopping, restaurants and Lackland AFB! Come and schedule your private tour today!

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Heritage

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
Cody Elementary School Primary Regular 766 55 3
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Cody Elementary School

  • Education Level: Primary
  • # of students: 766
  • # of teachers: 55
3
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$76

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.

$185,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,227

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2203$1,2254$1,2355$1,295
$1,295
RENT COMPS ANALYSIS
  • 9815 Mill River Sq San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.95
    •  
  • 807 Big Sky Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.97
    •  
  • 306 Delbert Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1985
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.98
    •  
  • 1303 Tideland St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.91
    •  
  • 9707 Bear Creek Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1973
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
PROPERTY LISTING DETAILS
Deanna Kaplen
1.210.275.6509
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501065
Last Updated: 12/26/2020
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