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9954 Carswell Peak San Antonio, TX 78245

3 Beds 3 Baths 1,879 sqft Built 2007

INVESTimate

$190,000

List Price

$1,400

$1,260 - $1,540

Rent Est.

$197,410  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $101.12
  • 9 Days on Market
  • MLS # : 1477648
  • Updated Date : 08/25/2020 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,879 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

You're going to love this well-kept, 2-story home in West San Antonio, near Marbach and 1604. A big benefit is no one lives behind your property! The open concept allows you to converse with anyone in the kitchen, dining room, and/or living room. You'll be happy to know that the downstairs living space carpet has already been replaced for you, two years ago, with beautiful laminate flooring. The loft on the second floor is a blank canvas - you can use it as an office space, game room, second living room, or children's in-home school classroom. You'll enjoy plenty of space in your Master Suite, and bedroom #2 is also larger than normal. The home features two full bathrooms upstairs and a 1/2 bath downstairs. Conveniently use your phone to adjust your home's temperature with a Nest programable thermostat. The elementary school is walking distance and school buses for the middle and high school run in the neighborhood. If security is big on your list, this home comes with 3 security cameras that scan the front and back exterior part of your home, plus a home security alarm system. The large backyard has plenty of room for kids to run around, backyard BBQ's, etc. And the covered patio comes complete with a concrete foundation and ceiling fan.

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: 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
Fisher Elementary School Primary Regular 866 58 6
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Fisher Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 58
6
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,260$1,540$1,400

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 $1,400
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$136
HOA -$62
Property Management Fees -$99
CASH FLOW
-$21

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.

$190,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.74%

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$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,3754$1,4005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9954 Carswell Peak San Antonio, 4
    • 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 9642 Green Plain Dr San Antonio, 1
    • 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 1997
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.69
    •  
  • 9903 Carswell Peak San Antonio, 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2007
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 9939 Misty Plain Dr San Antonio, 3
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1992
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.76
    •  
  • 10115 Fossil Valley San Antonio, 5
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2011
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
PROPERTY LISTING DETAILS
Marc Longoria
1.210.262.7815
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1477648
Last Updated: 08/25/2020
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