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8414 Mescal Pass San Antonio, TX 78252

3 Beds 2 Baths 1,794 sqft Built 2008

$195,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $108.70
  • 4 Days on Market
  • MLS # : 1509470
  • Updated Date : 02/12/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,794 sqft
  • Baths : 2 full
Listing Agent

Vortex Realty

Listing Agent's Description

Beautiful home recently updated with plenty of space for the family. Large backyard for everyone to enjoy. Fresh paint throughout 1st level, kitchen cabinets and restrooms. New sink, countertops, faucet, and hardware in kitchen. New light fixtures throughout the house and new ceiling fans in living room and master. New vanities, faucets and sinks in the restroom. New vinyl flooring throughout 1st level and in the restrooms. Carpet replaced in Dec. 2018. Convenient location near Military Base, restaurants, grocery store and easy access to highway.

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: People Active in Community Effort

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: People Active in Community Effort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6521456

* 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
Medio Creek Elementary School Primary Regular 673 43 6
Resnik Middle School Middle Regular NA
Southwest High School High Regular 3,545 195 3

Medio Creek Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 43
6
GreatSchools Rating

Resnik Middle School

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

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$677
Property Tax -$435
Property Insurance -$131
HOA -$25
Property Management Fees -$99
CASH FLOW
$53

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.

$195,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.5%
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$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$6,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,449

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4453$1,4754$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 8414 Mescal Pass San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.79
    •  
  • 7042 Phoebe View San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2015
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.87
    •  
  • 7307 Milky Way Dawn San Antonio, TX 3
    • 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,899 Sqft ∙ Built 2010
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 7042 Aphrodite Mist San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2016
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 8419 Picoso Pt San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2016
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Matilda Gill-duron
1.210.379.8083
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509470
Last Updated: 02/12/2021
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