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12650 Thistle Down San Antonio, TX 78217

3 Beds 3 Baths 1,976 sqft Built 1992

INVESTimate

$237,900

List Price

$1,500

$1,350 - $1,650

Rent Est.

$252,840  ( +6.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $120.39
  • 6 Days on Market
  • MLS # : 1478696
  • Updated Date : 08/22/2020 at 04:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,976 sqft
  • Baths : 2 full , 1 half
Listing Agent

South Texas Realty Services

Listing Agent's Description

Check out this stunning 2 story home in Northern Hill subdivision. It is right near the golf course. Pool membership available. Golf course living with cart paths throughout the neighborhood. This home features brand new HVAC, Plumbing, brand new carpet, paint, outside deck. The house has been completely renovated down to the studs. Fireplace. 2 story. HOA is optional. Wonderful Northeast ISD schools. Conventional, FHA or cash financing is allowed. Can close quickly and can be yours by end of summer. Quiet neighborhood. Walmart and major shopping and restaurants very close by.

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: Northern Hills

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northern Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451491

* 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
Northern Hills Elementary School Primary Regular 629 38 3
Driscoll Middle School Middle Regular 900 54 5
Madison High School High Regular 3,364 190 5

Northern Hills Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 38
3
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$214,110$261,690$237,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$878
Property Tax -$531
Property Insurance -$141
Property Management Fees -$99
CASH FLOW
-$149

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.

$237,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.28%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,794

INVESTMENT

$68,794

Down Payment
$59,475
Rehab Estimate
$5,750
Closing Costs
$3,569

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,475
Loan Amount $178,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,512

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 12650 Thistle Down San Antonio, 5
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 13423 Pebble Circle San Antonio, 1
    • 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1981
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 13915 Anchorage Hill San Antonio, 2
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1972
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
  • 13719 Sunny Glen San Antonio, 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1978
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 13123 Burgundy Pt San Antonio, 4
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1994
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
PROPERTY LISTING DETAILS
Randal Dailey
1.210.819.3321
South Texas Realty Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478696
Last Updated: 08/22/2020
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