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8039 Coral Trail San Antonio, TX 78244

3 Beds 2 Baths 1,840 sqft Built 1984

$174,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $94.84
  • 2 Days on Market
  • MLS # : 1501083
  • Updated Date : 12/27/2020 at 02:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Move in ready! Freshly painted, three bedroom, two bath home with open floorplan and large fenced backyard located at the end of a cul-de-sac. Hard surface floors throughout with tile floors in the kitchen and the bathrooms. The kitchen has new cabinetry, island, and granite countertops with refrigerator staying. The roof is three years old.

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: 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
 

$157,050$191,950$174,500

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$644
Property Tax -$390
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
$144

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.

$174,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.81%

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$51,993

INVESTMENT

$51,993

Down Payment
$43,625
Rehab Estimate
$5,750
Closing Costs
$2,618

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$644

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,625
Loan Amount $130,875
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$16,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,3503$1,3954$1,4105$1,445
$1,445
RENT COMPS ANALYSIS
  • 8039 Coral Trail San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.77
    •  
  • 7150 Elk Trail San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1983
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.74
    •  
  • 7130 Elk Trail San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1983
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 8139 Seldon Trail San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1986
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 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
Janet Wright
1.210.857.8081
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 #: 1501083
Last Updated: 12/27/2020
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