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5303 Timber Glade St San Antonio, TX 78250

4 Beds 2 Baths 1,923 sqft Built 1979

$267,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $138.85
  • 3 Days on Market
  • MLS # : 1506797
  • Updated Date : 01/29/2021 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Dillingham & Toone Real Estate

Listing Agent's Description

Owner Finance! No banks needed, bumps & bruises on credit OK! Come see this remodeled and updated 4/2 in the popular Silver Creek subdivision. Massive half cul de sac lot with beautiful oak trees and plenty of room for kids to play! On the inside, new paint, granite countertops, updated bathrooms & vanities, as well as carpet in all bedrooms. With it's modern face-lift, the only missing decorative requirement is YOU! This house is only available via owner finance and can be yours with only 10% down and easy qualifying. Set up a showing today! *Listing Broker has financial interest in property.

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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Timberwilde Elementary School Primary Regular 812 52 5
Connally Middle School Middle Regular 1,049 63 5
Warren High School High Regular 3,052 176 7

Timberwilde Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 52
5
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Warren High School

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

$240,300$293,700$267,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$927
Property Tax -$596
Property Insurance -$138
HOA -$23
Property Management Fees -$99
CASH FLOW
-$203

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.

$267,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.8%
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$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$927

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5004$1,5805$1,650
$1,650
RENT COMPS ANALYSIS
  • 5303 Timber Glade St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.82
    •  
  • 8702 Timberwilde St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 8607 Timber Point St San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 5126 Timberbranch St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1976
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 8226 Timber Slope San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1994
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jeffrey Dillingham
1.210.305.2080
Dillingham & Toone Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506797
Last Updated: 01/29/2021
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