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8026 Coral Trail San Antonio, TX 78244

3 Beds 3 Baths 1,825 sqft Built 1984

$177,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $96.99
  • 3 Days on Market
  • MLS # : 1508382
  • Updated Date : 02/06/2021 at 16:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,825 sqft
  • Baths : 3 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

**Showings only 4:30 -7:00 M-F and after 10:00 am on weekends** Renovations needed throughout inside of the home, owner will update once under contract or give 5K towards closing. Very Spacious 3 bedroom 2 bath home is in the Ventura neighborhood. Nice backyard with recently extended patio and slab, new siding and paint, new roof with 30 yr shingles updated in 2020. New back fence and gate installed February 2021.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7491472

* 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
Spring Meadows Elementary School Primary Regular 661 50 4
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Spring Meadows Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 50
4
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$159,300$194,700$177,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$615
Property Tax -$395
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$149

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.

$177,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$52,655

INVESTMENT

$52,655

Down Payment
$44,250
Rehab Estimate
$5,750
Closing Costs
$2,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,250
Loan Amount $132,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$14,035

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3453$1,3904$1,4455$1,445
$1,445
RENT COMPS ANALYSIS
  • 8026 Coral Trail San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.76
    •  
  • 8058 Pioneer Trail Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1985
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
  • 7170 Grassy Trail San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1985
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.73
    •  
  • 7150 Grassy Trail San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 1985
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.79
    •  
  • 6859 Columbia Ridge Dr Converse, TX 5
    • 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1990
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.80
    •  
PROPERTY LISTING DETAILS
Janelle Hill
1.210.837.5657
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508382
Last Updated: 02/06/2021
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