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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Great Northwest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
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
-
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
1.210.887.7080
Keller Williams City-view
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1499114
Last Updated: 12/10/2020
