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9819 Amberg Path Helotes, TX 78023

3 Beds 2 Baths 1,328 sqft Built 2007

$220,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $165.66
  • 3 Days on Market
  • MLS # : 1501079
  • Updated Date : 12/26/2020 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Red Wagon Properties

Listing Agent's Description

You won't want to miss this little gem. This open concept home with high ceilings has just been completed with many upgrades. Laminate flooring throughout, new granite counter tops, new tile backsplash in kitchen, new pull down blinds, new water heater, privacy fence replaced in 2018 with additional side gates, patio slab extended, new roof in 2016, sprinkler system, covered patio, storage shed, 3 sides brick, plumbing for water softener and osmosis system as well as an overhead storage rack in garage plus much more. Choice Warranty through 2023 that will stay with the home. Won't last long so schedule your showing 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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k335k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8502191

* 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
Kuentz Elementary School Primary Regular 798 49 7
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Kuentz Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 49
7
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$812
Property Tax -$453
Property Insurance -$104
HOA -$8
Property Management Fees -$99
CASH FLOW
-$36

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.

$220,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4503$1,4504$1,5455$1,595
$1,595
RENT COMPS ANALYSIS
  • 9819 Amberg Path Helotes, TX 1
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.08
    •  
  • 10419 Pecne Path Helotes, TX 2
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 10330 Alsfeld Ranch Helotes, TX 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 2006
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 10402 Pecne Path Helotes, TX 4
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2008
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.02
    •  
  • 10022 Amberg Path Helotes, TX 5
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2007
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.12
    •  
PROPERTY LISTING DETAILS
Bobbye Mcmillan
1.210.410.0166
Red Wagon Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501079
Last Updated: 12/26/2020
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