Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8406 Cedar Meadows San Antonio, TX 78254

4 Beds 3 Baths 2,405 sqft Built 2014

$295,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $122.66
  • 3 Days on Market
  • MLS # : 1516556
  • Updated Date : 03/27/2021 at 02:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,405 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Location, Location! Located in the Northside Independent School District. This home features SOLAR PANELS! Floor plan is open with high ceilings and a large game room upstairs. The kitchen is a beauty with a stainless steel appliances, large granite island with breakfast bar, granite counter tops and a pantry with generous storage. Master bedroom is downstairs while master bath features a his and hers vanity, garden tub, stand in shower and leads to a spacious walk-in closet. Entryway is tile, along with kitchen and main living area, bathrooms and laundry room. Front room, bedrooms and game room flooring is luxury vinyl (installed 2020). Front room can be used as a dining room, office or additional space to relax. Enjoy the back yard under the covered patio or pergola. Artificial turf in the back yard makes maintenance a breeze. 2 car garage with painted walls and epoxy flooring. New, high quality water softener installed 2019. AC was recently tuned up. Refrigerator conveys with home along with the solar panels, vivant home security system, basketball court, and trampoline. Conveniently located near Alamo Ranch and 1604.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Unknown NA
Harlan High School High Regular NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,025
Property Tax -$659
Property Insurance -$166
HOA -$38
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.

$295,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.63%

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$1,9004$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 8406 Cedar Meadows San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.78
    •  
  • 8419 Angelina Parke San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2015
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 8531 Sandy Meadows San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2013
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 8442 Cedar Meadows San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 8439 Angelina Parke San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2015
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
PROPERTY LISTING DETAILS
Elijah Valley
1.210.420.8123
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1516556
Last Updated: 03/27/2021
BESbswy