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8407 Glen Breeze San Antonio, TX 78239

4 Beds 2 Baths 1,351 sqft Built 1973

$175,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $129.53
  • 9 Days on Market
  • MLS # : 1491548
  • Updated Date : 10/27/2020 at 00:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,351 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Show your Buyers this rare One Story "4" bedroom in the Glen Subdivision. Roof & Insulation replaced March 2016 with 15 yr transferable warranty. HVAC & Water Heater replaced in 2017. VA disabled bathroom install in October 2016. Privacy fence replaced in 2017. Seller considering to do interior move-in ready, or Buyer can submit offer commensurate to make-ready expenses and add their own preferred color/style to walls and floors. Property sits on a large lot with a garden and fruit trees. Large lot is great for family gatherings or potential living space expansion. Minutes from Randolph AFB and Ft Sam.

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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$646
Property Tax -$391
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$50

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.

$175,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.68%

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$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$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,145

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2003$1,2004$1,2005$1,300
$1,300
RENT COMPS ANALYSIS
  • 8407 Glen Breeze San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,351 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,351 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.88
    •  
  • 8434 Greenham San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 8334 Greenham San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
  • 8424 Tuxford San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1978
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.82
    •  
  • 8422 Greenham San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Veronica Morales
1.210.724.1800
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491548
Last Updated: 10/27/2020
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