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8022 Icicle Trail San Antonio, TX 78254

5 Beds 3 Baths 2,278 sqft Built 2004

$215,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $94.38
  • 3 Days on Market
  • MLS # : 1504103
  • Updated Date : 01/16/2021 at 05:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Suburban splendor two story home located within minutes of both the elementary and middle school. This home features newly installed oven / stove, refrigerator, two living areas and formal dining area. Perfect for a first-time homeowner or someone who likes character and has a good eye. The backyard is great for entertaining under the pergola and storage in the shed. Newly installed roof and water heater.

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
 

$193,500$236,500$215,000

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 -$747
Property Tax -$480
Property Insurance -$159
HOA -$19
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.

$215,000

PROJECTED PRICE

$1,500

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,239

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
  • $0.66

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4453$1,4954$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 8022 Icicle Trail San Antonio, TX 4
    • 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 11350 Victory Cavern San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2004
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.61
    •  
  • 11259 Vollmer Ln San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2003
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.63
    •  
  • 11035 Stagwood Pass San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 11315 Saratoga Coach San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2006
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
PROPERTY LISTING DETAILS
Ashley Adair
1.972.210.9284
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504103
Last Updated: 01/16/2021
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