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7819 Clipper Pass San Antonio, TX 78254

3 Beds 3 Baths 1,582 sqft Built 2000

$206,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $130.21
  • 2 Days on Market
  • MLS # : 1493805
  • Updated Date : 11/07/2020 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fischer Mann Realty Llc

Listing Agent's Description

This over sized lot includes multiple established gardens, ready for more of your favorite veggies and flowers. Live Oak, Red Oak, and exotic citrus trees. Inside has a lovely, modern cozy feel with an open floor plan. The kitchen and all the bathrooms have been recently updated. The kitchen is tastefully simple yet sophisticated with a pantry and an attached washroom. This house is ready for all your needs from bright dim-able recessed lighting to the built-in conveniently raised washer and dryer. The half bath downstairs adds convenience for entertaining. Once upstairs you will find 3 spacious bedrooms and two bathrooms. The large over sized master bedroom has his and her closets and in-suite bathroom. Fresh paint and new carpet upstairs. Updated A/C unit was recently serviced and brand new water heater installed in the garage. Roof replaced in 2017. Turn key home in the quiet neighborhood of Bridgewood. Conveniently located on the NW side with tons of shopping only minutes away.

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
 

$185,400$226,600$206,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$760
Property Tax -$460
Property Insurance -$118
HOA -$31
Property Management Fees -$99
CASH FLOW
-$19

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.

$206,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.70%

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,340

INVESTMENT

$60,340

Down Payment
$51,500
Rehab Estimate
$5,750
Closing Costs
$3,090

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$760

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,500
Loan Amount $154,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,444

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,4004$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 7819 Clipper Pass San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 10622 Cavelier San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2001
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 7903 Panther Pass San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2000
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 11027 Stagwood Pass San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2003
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 11011 Talon Run San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2001
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Francine Zepeda
1.210.383.4999
Fischer Mann Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493805
Last Updated: 11/07/2020
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