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7922 Brazoria Park San Antonio, TX 78254

3 Beds 3 Baths 1,582 sqft Built 2002

$185,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $116.94
  • 3 Days on Market
  • MLS # : 1509739
  • Updated Date : 02/12/2021 at 23:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Super Cute, Super Affordable! Three Bedroom, Two and a Half Bath, Two Story in Bridgewood. Huge Master and and Secondary Bedrooms. Very Well Kept with Recent Wood-look Vinyl in Living Area. Spacious Back Yard, Perfect for Entertaining. Generous Kitchen with Ample Cabinets and Counterspace. Gigantic Pantry. Open, Well Flowing Floor Plan. Convenient to USAA, Med Center, Lackland AFB, Seaworld, Dining, Shopping and Entertainment. Don't Miss Out on this Lovely Home!

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
 

$166,500$203,500$185,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$643
Property Tax -$413
Property Insurance -$118
HOA -$19
Property Management Fees -$99
CASH FLOW
$208

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.

$185,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.81%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$19,264

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
  • $0.95

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4003$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 7922 Brazoria Park San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 8115 Thicket Pass San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.97
    •  
  • 8111 Thicket Pass San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 8038 Cavern Hill San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2003
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 7810 Brazoria Park San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 2002
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Richard Davies
1.210.725.1848
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509739
Last Updated: 02/12/2021
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