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8338 Pioneer Field San Antonio, TX 78253

3 Beds 3 Baths 2,416 sqft Built 2015

$279,500

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $115.69
  • 3 Days on Market
  • MLS # : 1499329
  • Updated Date : 12/12/2020 at 01:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,416 sqft
  • Baths : 2 full , 1 half
Listing Agent

Premier Realty Group

Listing Agent's Description

Centered between some of San Antonio's fastest growing intersections, including Hwy 211 and FM 471, with a straight 21 minute drive into Medina Lake, be part of a fun family community that includes swimming, outdoor play and recreation, and paved trails for strollers, joggers, and fur babies. This home offers 3 bedrooms, with a large office that can be a 4th bedroom. The home was built with plenty of open space that includes 2.5 baths, an upstairs loft, and a master suite with a grand closet. Walk through gorgeous laminate-wood floors into the open-concept kitchen made for the aspiring chef, with stainless steel appliances, a gas stove, and a kitchen island. Enjoy your covered front and back porches, with neatly trimmed landscaping, and a large backyard with room for more. This home was made for love to grow in. Schedule a tour today!

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$251,550$307,450$279,500

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,031
Property Tax -$624
Property Insurance -$166
HOA -$34
Property Management Fees -$99
CASH FLOW
-$115

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.

$279,500

PROJECTED PRICE

$1,840

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8404$1,8505$2,095
$2,095
RENT COMPS ANALYSIS
  • 8338 Pioneer Field San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.76
    •  
  • 8014 Blackhawk Pass San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2017
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 7907 Blackhawk Pass San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2018
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 8426 Pioneer Field San Antonio, TX 4
    • 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2015
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 8410 Western Way San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2008
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
PROPERTY LISTING DETAILS
Yvette Espinosa
1.808.426.0820
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499329
Last Updated: 12/12/2020
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