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8411 Timber Flat St San Antonio, TX 78250

3 Beds 2 Baths 1,786 sqft Built 1979

$220,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $123.18
  • 4 Days on Market
  • MLS # : 1499114
  • Updated Date : 12/10/2020 at 21:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,786 sqft
  • Baths : 2 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

It's about time you found that single story house you've been looking for, the one with the great backyard & an air-conditioned sunroom where you can enjoy some quiet in the morning (or evening). Something not too big, but not too small, with dramatic vaulted ceilings and plenty of natural light. This is it! Nestled on a quiet street in Silver Oaks, this 3 bed, 2 bath, 1,786 sqft home is being offered for sale by its loving owners. The master suite features plenty of space, walk-in closet, and a full bathroom ensuite (separate shower & tub). The secondary bedrooms are just across the hall and nicely-sized. The owners converted the garage (and air conditioned it) to add a massive second living space, but it's easily turned back into a spacious 2 car garage if a new owner wanted that. Don't forget the eat-in kitchen with plenty of storage and cared-for solid countertops (with integrated sink). The peaceful backyard offers a serene getaway and a space for entertaining, gathering, gardening, or all of the above. Come and see this lovely home 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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Timberwilde Elementary School Primary Regular 812 52 5
Connally Middle School Middle Regular 1,049 63 5
Warren High School High Regular 3,052 176 7

Timberwilde Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 52
5
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Warren High School

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

$198,000$242,000$220,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$812
Property Tax -$491
Property Insurance -$130
HOA -$27
Property Management Fees -$99
CASH FLOW
-$49

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.

$220,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.8%
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-$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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,540

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5004$1,5105$1,595
$1,595
RENT COMPS ANALYSIS
  • 8411 Timber Flat St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.85
    •  
  • 5219 Timberhurst San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 8607 Timber Point St San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 5126 Timberbranch St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1976
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 5603 Timbersteep San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Danny Charbel
1.210.887.7080
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499114
Last Updated: 12/10/2020
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