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11140 Bushwack Pass San Antonio, TX 78254

3 Beds 2 Baths 1,332 sqft Built 2003

INVESTimate

$185,500

List Price

$1,270

$1,143 - $1,397

Rent Est.

$196,166  ( +5.75%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $139.26
  • 1 Days on Market
  • MLS # : 1479313
  • Updated Date : 08/26/2020 at 06:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Come home to this beautiful single story featuring plentiful updates. Recent renovations include upgraded vinyl plank floors throughout, granite counters in the kitchen, fresh interior paint in Sherwin Williams Agreeable Gray, plus a recently built back deck, ideal for enjoying the outdoors. An open floor plan flows seamlessly into the formal dining area. Just past, the galley-style kitchen provides a modest breakfast bar that allows the chef to stay engaged and involved while cooking. Modest accommodations consist of three comfortably sized bedrooms and two full baths (both with a tub/shower combo). Exterior features include a one-car garage, fresh mulch, and privacy fence. Just right as a starter home or perfect for someone downsizing, this residence is conveniently located off Shaenfield Road and Loop 1604 near great shopping and dining.

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
 

$166,950$204,050$185,500

PURCHASE PRICE

$1,143$1,397$1,270

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 $1,270
EXPENSES Loan Payment -$684
Property Tax -$414
Property Insurance -$104
HOA -$31
Property Management Fees -$99
CASH FLOW
-$63

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.

$185,500

PROJECTED PRICE

$1,270

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.75%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,908

INVESTMENT

$54,908

Down Payment
$46,375
Rehab Estimate
$5,750
Closing Costs
$2,783

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$684

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,375
Loan Amount $139,125
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,285

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3253$1,3754$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 11140 Bushwack Pass San Antonio, 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.95
    •  
  • 11102 Bench Oaks San Antonio, 2
    • 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 2003
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.96
    •  
  • 8014 Palmetto Pl San Antonio, 3
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2005
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 8115 Thicket Pass San Antonio, 4
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.97
    •  
  • 8111 Thicket Pass San Antonio, 5
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Barbara Mccoy
1.210.392.6685
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479313
Last Updated: 08/26/2020
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