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11119 Bushwack Pass San Antonio, TX 78254

3 Beds 2 Baths 1,211 sqft Built 2004

$185,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $152.77
  • 5 Days on Market
  • MLS # : 1492324
  • Updated Date : 10/30/2020 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,211 sqft
  • Baths : 2 full
Listing Agent

Re/max North-san Antonio

Listing Agent's Description

Come tour this beautiful well-maintained home featuring granite countertops that compliment a beautiful backsplash. Large living room with easy access to backyard. Contains an open floor plan with very spacious bedrooms. Neighborhood has a huge community center, playground, pool, pavilions, basketball court and a separate soccer field. Must see it today!

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: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Bridgewood Homeowners Association

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7951488

* 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
Ward Elementary School Primary Regular 890 53 8
Jefferson Middle School Middle Regular 1,451 79 7
Taft High School High Regular 2,901 174 7

Ward Elementary School

  • Education Level: Primary
  • # of students: 890
  • # of teachers: 53
8
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

Taft High School

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

$166,500$203,500$185,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$97
HOA -$20
Property Management Fees -$99
CASH FLOW
-$132

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

$1,180

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

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 70% 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

0.67

YEARS SAVED

$671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,175

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,2494$1,3255$1,325
$1,325
RENT COMPS ANALYSIS
  • 11119 Bushwack Pass San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.97
    •  
  • 10719 Juniper Pass San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2000
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 10736 Juniper Pass San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2000
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.98
    •  
  • 11103 Ballard Peak San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2005
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.99
    •  
  • 10735 Vollmer Ln San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2002
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.99
    •  
PROPERTY LISTING DETAILS
Martin Tirado
1.210.309.9964
Re/max North-san Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492324
Last Updated: 10/30/2020
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