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8431 Big Creek Dr San Antonio, TX 78242

4 Beds 2 Baths 1,204 sqft Built 1973

$154,999

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $128.74
  • 7 Days on Market
  • MLS # : 1500703
  • Updated Date : 12/26/2020 at 17:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,204 sqft
  • Baths : 1 full , 1 half
Listing Agent

Houses In San Antonio

Listing Agent's Description

*Beautiful One Story Home*In Good Old Indian Creek Established Neighborhood*4 Bedroom*1.5 Bath*4Th Bedroom Garage Converted *Fresh New Paint Interior/Exterior*New Tile Flooring Through Out Home*No Carpet*New Roof*New Appliances*Stainless Gas Stove And Stainless Steel Fridge*New Ceiling Fans*New Inside/Outside HVAC System*Double Pane Windows*You Don't Want To Miss Out On This Lovely Hone*

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: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5481456

* 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
Hidden Cove Elementary School Primary Regular 539 41 4
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Hidden Cove Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 41
4
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 64
2
GreatSchools Rating

Southwest High School

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

$139,499$170,499$154,999

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$572
Property Tax -$346
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
$36

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.

$154,999

PROJECTED PRICE

$1,150

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,249
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$6,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,120

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0953$1,1004$1,1005$1,150
$1,150
RENT COMPS ANALYSIS
  • 8431 Big Creek Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,204 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,204 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.96
    •  
  • 8603 White Star St San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,108 Sqft ∙ Built 1973
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.90
    •  
  • 8811 Catalina Bay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.93
    •  
  • 5307 Diamond Cove San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1979
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 8434 Sweet Maiden St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Irene Knowles
1.210.823.0922
Houses In San Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500703
Last Updated: 12/26/2020
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