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9818 Prescott Dr San Antonio, TX 78245

3 Beds 2 Baths 1,520 sqft Built 1977

$229,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $151.25
  • 2 Days on Market
  • MLS # : 1508512
  • Updated Date : 02/06/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Homebuying Homeselling Realty

Listing Agent's Description

Come check out this brand new renovated 3 bedroom 2 bath home priced to sell at only 229,900!! From roof to floors this home is completely rehabbed and ready to be called HOME! With a lifetime transferable foundation warranty and so much more this home WONT LAST LONG!

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: 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
Adams Hill Elementary School Primary Regular 580 43 4
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Adams Hill Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 43
4
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
 

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

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 -$799
Property Tax -$513
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$136

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.

$229,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.60%

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$700k

PROJECTED ANNUAL CASH FLOW

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

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$664

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
  • $0.91

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3903$1,3994$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 9818 Prescott Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.91
    •  
  • 1134 Klondike St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1977
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 366 Ash Village Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.84
    •  
  • 9614 Gold Dust Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.93
    •  
  • 10434 Louisburg Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1981
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Marlissa Solis
1.210.574.2561
Homebuying Homeselling Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508512
Last Updated: 02/06/2021
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