San Antonio, TX #11224-2
23 Performing A & B Class Properties - Newly Renovated - 23 Properties

Owner Price

$3,249,276

Financials & Assumptions

  Financing

  Income

  Expenses

  Financials

Net Operating Income

$ 197,655

Expense Load

36.02 %

Total Cash Outlay

$ 3,249,276

Net Yield

6.08 %

Cash Flow

$ 197,655

Cash On Cash

6.08 %

Rate of Return

9.81 %


* This expense item is an estimate based on industry standards.



Cash Flow

30 year projections based on the rent and expense assumptions in the Financials & Assumptions section of this report.

Investor Equity

The build up of equity based on the price, mortgage balance, and home price appreciation assumptions used in the Financials & Assumptions section.

Listing Description

We are pleased to announce the listing of this 23 Single Family Rental Portfolio in the San Antonio, Texas metropolitan area. The homes are strategically concentrated in high rental growth markets. Current ownership has agreed to stay on to manage for a 5% management fee (based on Effective Gross Income) for one year, producing robust returns for investors. This Texas 23 SFR Portfolio is well diversified in a strong rental growth submarkets of San Antonio. On average, the homes were built in 1980 and feature spacious layouts with an average home size of 1,280 Square Feet. Twenty one (21) homes feature a 3 bed 2 bath layout, and two (2) homes feature a 3 bed with 1 bath layout. In the last twelve months, current ownership spent $12,005 or $522 per home in capital improvements and renovations. Additionally, current ownership has recently replaced 16 out of 23 homes with new roofs. Investors should benefit from lower Repair & Maintenance costs due to these recent improvements.

Listing Portfolio Map

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Listing Portfolio Properties (23)

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  • Live Oak, TX 78233
  • 3.0 Beds / 1.0 Baths
  • Built in 1971
  • 1012 Sqft / $131 / sqft
  • Monthly Rent: $1,005
  • Gross Yield: 9.1 %
  • Net Income: $7,560
  • Net Yield: 5.71%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1978
  • 1500 Sqft / $106 / sqft
  • Monthly Rent: $1,195
  • Gross Yield: 9.0 %
  • Net Income: $8,917
  • Net Yield: 5.61%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1978
  • 1440 Sqft / $101 / sqft
  • Monthly Rent: $1,125
  • Gross Yield: 9.3 %
  • Net Income: $8,204
  • Net Yield: 5.66%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1979
  • 1278 Sqft / $123 / sqft
  • Monthly Rent: $1,175
  • Gross Yield: 8.9 %
  • Net Income: $8,993
  • Net Yield: 5.71%



  • San Antonio, TX 78217
  • 3.0 Beds / 2.0 Baths
  • Built in 1972
  • 1070 Sqft / $112 / sqft
  • Monthly Rent: $1,095
  • Gross Yield: 10.9 %
  • Net Income: $8,393
  • Net Yield: 6.98%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1981
  • 1220 Sqft / $123 / sqft
  • Monthly Rent: $1,200
  • Gross Yield: 9.6 %
  • Net Income: $9,340
  • Net Yield: 6.21%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1968
  • 1376 Sqft / $114 / sqft
  • Monthly Rent: $1,135
  • Gross Yield: 8.7 %
  • Net Income: $8,589
  • Net Yield: 5.47%



  • San Antonio, TX 78217
  • 3.0 Beds / 2.0 Baths
  • Built in 1970
  • 1411 Sqft / $103 / sqft
  • Monthly Rent: $1,095
  • Gross Yield: 9.1 %
  • Net Income: $8,281
  • Net Yield: 5.72%



  • San Antonio, TX 78244
  • 3.0 Beds / 2.0 Baths
  • Built in 1985
  • 1196 Sqft / $95 / sqft
  • Monthly Rent: $995
  • Gross Yield: 10.5 %
  • Net Income: $7,593
  • Net Yield: 6.69%



  • San Antonio, TX 78233
  • 3.0 Beds / 2.0 Baths
  • Built in 1973
  • 971 Sqft / $124 / sqft
  • Monthly Rent: $1,065
  • Gross Yield: 10.6 %
  • Net Income: $8,252
  • Net Yield: 6.85%


Asset Quality Report

HOME PRICE PERFORMANCE

Why is Home Price Appreciation important?

Long term home price appreciation is measured to establish an Average Annual Home Price Appreciation Rate. The data set used for this chart goes back to 1998 - the longest term measurement of institutional quality data available. It encompasses the mild period in the late 1990's, the price volatility of the 2000's and the beginnings of the recovery. The contrast of the county, state and nation provides insight into the relative price point and volatility of the subject market.

Data source: Zillow.com

Average Annual Appreciation Rates:

National Average

3.44 %

State Average

4.14 %

County Average

3.73 %


POPULATION CHANGE

Why is Population Change important?


MIGRATION PATTERNS

Why are Migration Patters important?


UNEMPLOYMENT RATE

Why is the Unemployment Rate important?


JOB GROWTH & DIVERSITY

Why is the Job Growth and Job Diversity important?



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