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8114 Glen Lark San Antonio, TX 78239

3 Beds 2 Baths 980 sqft Built 1974

$89,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $91.73
  • 5 Days on Market
  • MLS # : 1501541
  • Updated Date : 01/03/2021 at 00:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 980 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

NICE 1 STORY, WALKING DISTANCE TO ELEMENTARY SCHOOL. NICE SIZED PRIVATE YARD. EASEMENT/ NO NEIGHBORS ON LEFT SIDE, BACKS TO CEMETARY. INVESTORS ONLY. HOME IS IN NEED OF REPAIRS. ****MULTIPLE OFFFERS, DEADLINE TO SUBMIT IS MONDAY 5:00 PM 01/04/2021

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Montgomery Elementary School Primary Regular 632 46 2
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 46
2
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$80,910$98,890$89,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$332
Property Tax -$224
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
$321

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$89,900

PROJECTED PRICE

$1,060

PROJECTED RENT

1.18%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$29,574

INVESTMENT

$29,574

Down Payment
$22,475
Rehab Estimate
$5,750
Closing Costs
$1,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$332

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $22,475
Loan Amount $67,425
See What Happens When You Reinvest Cash Flow

16.17

YEARS SAVED

$28,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,056

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0603$1,0754$1,1005$1,200
$1,200
RENT COMPS ANALYSIS
  • 8114 Glen Lark San Antonio, TX 2
    • 3 beds 2 baths ∙ 980 Sqft ∙ Built 1974 3 beds 2 baths ∙ 980 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $1.08
    •  
  • 7619 Glen Shire San Antonio, TX 1
    • 3 beds 2 baths ∙ 896 Sqft ∙ Built 1972 3 beds 2 baths ∙ 896 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $1.14
    •  
  • 8007 Peale San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,067 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,067 Sqft ∙ Built 1977
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.01
    •  
  • 7278 Montgomery San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,068 Sqft ∙ Built 1977
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.03
    •  
  • 8102 Glen Lark San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,062 Sqft ∙ Built 1977
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.13
    •  
PROPERTY LISTING DETAILS
Sherry Johnson
1.210.363.4738
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 #: 1501541
Last Updated: 01/03/2021
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