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8026 Cypress Pass San Antonio, TX 78240

3 Beds 3 Baths 2,044 sqft Built 2003

INVESTimate

$219,900

List Price

$1,480

$1,332 - $1,628

Rent Est.

$231,599  ( +5.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $107.58
  • 3 Days on Market
  • MLS # : 1479020
  • Updated Date : 08/25/2020 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,044 sqft
  • Baths : 3 full
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Move-in ready home in desirable Cypress Hollow Subdivision. Upgrades beautiful laminate wood floors including staircase. Master suite features tray ceiling and large master walking closet. Nice size secondary bedrooms with bathrooms. Bonus Game room upstairs. Relax in your private backyard with covered patio and bonus lower patio for garden.

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: Eckhert Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k241k

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

Neighborhood: Eckhert Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8451508

* 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
Rhodes Elementary School Primary Regular 650 40 5
Rudder Middle School Middle Regular 1,050 66 5
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 40
5
GreatSchools Rating

Rudder Middle School

  • Education Level: Middle
  • # of students: 1,050
  • # of teachers: 66
5
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$811
Property Tax -$491
Property Insurance -$145
HOA -$21
Property Management Fees -$99
CASH FLOW
-$87

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.

$219,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.32%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4804$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 8026 Cypress Pass San Antonio, 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.72
    •  
  • 6235 Cypress Circle San Antonio, 1
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2003
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 7914 Cypress Crown San Antonio, 2
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2004
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 8038 Cypress Pass San Antonio, 4
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 6259 Cypress Cir San Antonio, 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
PROPERTY LISTING DETAILS
Marlina Benjamin
1.210.274.0438
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479020
Last Updated: 08/25/2020
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