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8438 Cascade Ridge Dr San Antonio, TX 78239

4 Beds 3 Baths 1,917 sqft Built 1985

INVESTimate

$189,000

List Price

$1,350

$1,215 - $1,485

Rent Est.

$200,680  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $98.59
  • 7 Days on Market
  • MLS # : 1478122
  • Updated Date : 08/23/2020 at 03:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,917 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

Indulge in pure tranquility in this fully updated home. With its open floor concept, it features a very spacious family room with a fireplace. This home is also adorned with a modern eat-in kitchen that has a partial wrap-around backsplash, recess lighting, and all new appliances! Upstairs welcomes you to the sizable Master bedroom, that has a large walk-in closet, as well as a newly modernized Master bathroom in which you can relax after a long days work. Upstairs you will also find 2 additional bedrooms and an additional full bath.

SEE MORE

MARKET HIGHLIGHTS

  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

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
Miller's Point Elementary School Primary Regular 612 44 5
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Miller's Point Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 44
5
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

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$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$697
Property Tax -$422
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$6

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.

$189,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.18%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,438

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 8438 Cascade Ridge Dr San Antonio, 2
    • 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 7727 Skyline Ridge Dr San Antonio, 1
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1987
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 8155 Cantura Mills Converse, 3
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1997
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.75
    •  
  • 8774 Serene Ridge Dr San Antonio, 4
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1985
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 7342 Grassy Trail San Antonio, 5
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1988
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sasha Jam
1.210.556.9005
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478122
Last Updated: 08/23/2020
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