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8382 Slippery Rock San Antonio, TX 78251

3 Beds 2 Baths 1,953 sqft Built 1985

$202,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $103.43
  • 3 Days on Market
  • MLS # : 1500430
  • Updated Date : 12/18/2020 at 23:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,953 sqft
  • Baths : 2 full
Listing Agent

Mr. Realty Solutions, Llc

Listing Agent's Description

This beautiful home won't last! Nestled in a serene cul-de-sac with lots of mature oak trees, this 3 bedroom/2 bathroom home is located in Timberidge. This wonderful home has a grand living room with high ceilings, large eat-in kitchen, screened in porch, and a bonus craft room. Perfect for a small home-school classroom or a workshop! Master suite w/separate jet tub and walk-in shower. Living Room and Master bedroom both have a fireplace. Zoned for Northside Independent School District Schools, all in walking distance. Don't wait too long to see this home, it won't last long!

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: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Timber Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400Rent in $7271472

* 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
Carlos Coon Elementary School Primary Regular 900 57 3
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Carlos Coon Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 57
3
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$181,800$222,200$202,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$745
Property Tax -$451
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
$85

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.

$202,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.5%
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-$2.0k$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$59,280

INVESTMENT

$59,280

Down Payment
$50,500
Rehab Estimate
$5,750
Closing Costs
$3,030

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$745

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,500
Loan Amount $151,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$11,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,4504$1,4505$1,520
$1,520
RENT COMPS ANALYSIS
  • 8382 Slippery Rock San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.78
    •  
  • 9003 Deer Park San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1986
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.72
    •  
  • 2815 Hayden Hollow San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1983
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 2515 Sequoia Height St San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,086 Sqft ∙ Built 2000
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.70
    •  
  • 8443 Star Creek Dr San Antonio, TX 4
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1983
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
PROPERTY LISTING DETAILS
Esmeralda Ramahi
1.210.392.9770
Mr. Realty Solutions, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500430
Last Updated: 12/18/2020
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