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8111 Braes Run San Antonio, TX 78254

3 Beds 3 Baths 1,343 sqft Built 2003

$185,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $137.75
  • 3 Days on Market
  • MLS # : 1496052
  • Updated Date : 11/21/2020 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,343 sqft
  • Baths : 2 full , 1 half
Listing Agent

Golden Real Estate

Listing Agent's Description

Don't miss out on this beautifully maintained 2 story home in the popular Bridgewood neighborhood. This home is conveniently located just minutes away from Bandera Pointe, Alamo Ranch, UTSA, and La Cantera. When you enter the home you're greeted by a spacious living area that leads into a bright, open kitchen area with stainless steel appliances. The refrigerator comes with the home! Upstairs you'll find all 3 bedrooms including a spacious master bedroom with dual closets that lead you into the master bathroom. While there are 2 full bathrooms upstairs, there is also a half bathroom that guests can use downstairs. The roof was replaced approximately 5 months ago. This lovely home could be yours. Don't wait, call today and schedule a showing!

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: 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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$683
Property Tax -$413
Property Insurance -$105
HOA -$29
Property Management Fees -$99
CASH FLOW
-$28

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.

$185,000

PROJECTED PRICE

$1,300

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,296

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3754$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 8111 Braes Run San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,343 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 11102 Bench Oaks San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,384 Sqft ∙ Built 2003
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.96
    •  
  • 8014 Palmetto Pl San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2005
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 8115 Thicket Pass San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2004
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.97
    •  
  • 8111 Thicket Pass San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2004
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jonathan Alaca
1.210.643.6133
Golden Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496052
Last Updated: 11/21/2020
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