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2923 Timber View Dr San Antonio, TX 78251

3 Beds 2 Baths 1,408 sqft Built 1982

$179,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $127.13
  • 2 Days on Market
  • MLS # : 1493817
  • Updated Date : 11/07/2020 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

San Antonio's Finest Realty

Listing Agent's Description

This newly remodeled 3 bedroom/2 bathroom house will not last long!! Come and check out the beautiful updates to this house to include ceramic tile throughout, freshly painted walls, BRAND NEW KITCHEN CABINETS, granite countertops and tile backsplash in kitchen. Refrigerator in kitchen to convey! Other upgrades include dual vanities in master bathroom along with separate his and hers closets!! Roof is about 3 years old and HVAC system is only 4 years old; all windows in home were replaced to be energy efficient!! Outside of home was recently beautifully painted!!! This home is conveniently located to 410 with easy access to shopping, highways, Sea World, and more!! Don't let this house pass you by because it will not last long!! Check out the virtual tour and set up your showing 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: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7271472

* 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
Carlos Coon Elementary School Primary Regular 900 57 3
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Carlos Coon Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 57
3
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$161,100$196,900$179,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$660
Property Tax -$400
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$3

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.

$179,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.5%
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$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$5,381

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
  • $0.9

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2703$1,2954$1,3355$1,395
$1,395
RENT COMPS ANALYSIS
  • 2923 Timber View Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.90
    •  
  • 2338 Oriley St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1980
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
  • 2834 Oak Mill San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1981
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.90
    •  
  • 8103 Pinto Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1981
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.88
    •  
  • 8511 Ridge Stone San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1979
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kristin Arroyo
1.210.758.8583
San Antonio's Finest Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493817
Last Updated: 11/07/2020
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