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3807 S Southern Grove 
San Antonio, TX
78222
3 Beds 2 Baths 1,624 sqft
Built 2006
INVESTimate
$185,000
List Price
$54,775
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $113.92
- 2 Days on Market
- MLS # : 1479253
- Updated Date : 08/25/2020 at 21:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,624 sqft
- Baths : 2 full
Listing Agent
Weichert, Realtors - Select
Listing Agent's Description
Beautiful well kept home. This One Story home features an open floor plan. Ceramic tile in Foyer, Kitchen, Washroom and Master Bath. laminate flooring in the Living room and Master Bedroom and 2nd bedroom. Bedroom 3 has carpet flooring. LARGE backyard for family gatherings BBQ's and family gatherings. A must see. This home is priced to sell.
SEE MORE
- 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: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$413 | |
| Property Insurance | -$121 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$24
|
||
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.
$185,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 3.34% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
3.25
YEARS SAVED
$5,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,502
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3807 S Southern Grove San Antonio, 1
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,370
- $0.84
-
4619 Le Villas San Antonio, 2
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,375
- $0.88
-
4607 Le Villas San Antonio, 3
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2015
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,425
- $0.92
-
6323 Sinclair Rd San Antonio, 4
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013
LEASED 09/03/19- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
3802 Southern Grove San Antonio, 5
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2006
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
PROPERTY LISTING DETAILS
1.210.724.9214
Weichert, Realtors - Select
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479253
Last Updated: 08/25/2020
