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9843 Messenger Pass San Antonio, TX 78245

3 Beds 3 Baths 1,698 sqft Built 2001

INVESTimate

$185,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$192,215  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $108.95
  • 4 Days on Market
  • MLS # : 1478853
  • Updated Date : 08/23/2020 at 18:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

One2three Realty

Listing Agent's Description

A cozy home with an oversized covered patio. Remodeled with brand new kitchen cabinets, granite countertops, water resistant laminate flooring, new water heater and much more!

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*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Michael Elementary School Primary Regular 828 52 3
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
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

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$125
HOA -$14
Property Management Fees -$99
CASH FLOW
-$54

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.

$185,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

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 65% 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

2

YEARS SAVED

$2,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2803$1,2994$1,3005$1,325
$1,325
RENT COMPS ANALYSIS
  • 9843 Messenger Pass San Antonio, 2
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.75
    •  
  • 10166 Bastrop Creek San Antonio, 1
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.76
    •  
  • 9939 Amber Breeze San Antonio, 3
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2006
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.78
    •  
  • 9959 Panther Bay San Antonio, 4
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2000
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 2111 Paddle Creek San Antonio, 5
    • 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2000
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.71
    •  
PROPERTY LISTING DETAILS
Brenda Zambrano
1.210.742.1657
One2three Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478853
Last Updated: 08/23/2020
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