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9931 Chantemar San Antonio, TX 78250

3 Beds 2 Baths 1,329 sqft Built 1986

$189,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $142.21
  • 3 Days on Market
  • MLS # : 1515366
  • Updated Date : 03/20/2021 at 00:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

WOW!! This is the ONE you have been waiting for! This wonderful single story home will amaze you with its open floor plan and extra large yard space with lots of elbow room. The large family room has a wood burning fireplace and tons of windows. You will enjoy the breakfast area inside the spacious kitchen and the additional large dining space adjoining the bright and open family room. The private master suite with its walk-in closet and full bath faces the backyard. Two secondary bedrooms and a full bath complete the living space this welcoming home offers. The well-loved and cared for home is completely carpet free and comes with radiant barrier insulation. The two car garage finishes off this wonderful home and boasts a recently installed new garage door.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7611472

* 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
Northwest Crossing Elementary School Primary Regular 613 43 7
Zachry Middle School Middle Regular 1,076 64 4
Taft High School High Regular 2,901 174 7

Northwest Crossing Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 43
7
GreatSchools Rating

Zachry Middle School

  • Education Level: Middle
  • # of students: 1,076
  • # of teachers: 64
4
GreatSchools Rating

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$656
Property Tax -$422
Property Insurance -$104
HOA -$21
Property Management Fees -$99
CASH FLOW
$8

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.

$189,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.8%
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$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$4,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,306

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,155
1$1,1552$1,1953$1,3104$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 9931 Chantemar San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.99
    •  
  • 7630 Rimhurst San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,155
    • $0.95
    •  
  • 7606 Rimhurst San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.99
    •  
  • 7611 Heathridge San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1994
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.99
    •  
  • 7619 Alverstone Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1992
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Michaela Aden
1.210.859.3251
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515366
Last Updated: 03/20/2021
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