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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
$64,024
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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eckhert Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
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
-
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
1.210.274.0438
Redbird Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479020
Last Updated: 08/25/2020
