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7915 Candle Bend San Antonio, TX 78250

3 Beds 2 Baths 1,283 sqft Built 1981

$165,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $128.60
  • 3 Days on Market
  • MLS # : 1511155
  • Updated Date : 02/27/2021 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,283 sqft
  • Baths : 1 full , 1 half
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Beautifully maintained home in desired area of North San Antonio. Features 2 bedrooms, adjoining separate bathrooms and tile flooring. Enjoy gatherings in open floor plan with fireplace, lovely backyard with covered patio. This gem of a home is located near SeaWorld, prime Alamo Ranch shopping and minutes from The Shops of La Cantera. COME SEE TODAY!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: New Territories

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: New Territories

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6591456

* 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
Brauchle Elementary School Primary Regular 616 41 7
Stevenson Middle School Middle Regular 1,361 81 6
O'connor High School High Regular 3,094 173 8

Brauchle Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 41
7
GreatSchools Rating

Stevenson Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 81
6
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$573
Property Tax -$368
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$165,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$4,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,174

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1553$1,1604$1,1955$1,350
$1,350
RENT COMPS ANALYSIS
  • 7915 Candle Bend San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.90
    •  
  • 7627 Rimhurst San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1992
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.88
    •  
  • 7630 Rimhurst San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 1993
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,155
    • $0.95
    •  
  • 8009 Fair Bend San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
  • 9446 Fairpoint San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1993
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Carlos Mugica
1.210.273.2102
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511155
Last Updated: 02/27/2021
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