Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8502 Sonora Pass Helotes, TX 78023

3 Beds 3 Baths 2,801 sqft Built 2002

$311,999

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $111.39
  • 4 Days on Market
  • MLS # : 1512319
  • Updated Date : 03/04/2021 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,801 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

This absolutely gorgeous two story family home in Sonoma Ranch has 3 bedrooms, 2.5 baths with a dedicated downstairs office and over 2800 sq ft! Enjoy time with family or entertaining guests in an open concept space with island kitchen that features white cabinets, granite counters, stainless steel appliances and upgraded canned lighting. Upstairs master retreat has a newly renovated bathroom and enormous closet. Don't miss the spacious, walk-in shower with white subway tile, separate tub, and double vanity. The game room upstairs gives everyone in the family room to spread out along with 2 other nicely sized bedrooms. Head out the backyard where you can relax on the patio with friends and enjoy the San Antonio weather. Other recent upgrades include new roof (2016), installed gutters, new HVAC (2016), water softener and lighting fixtures. Minutes to La Cantera, The RIM, Fiesta Texas, Valero, UTSA and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Arbor at Sonoma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k334k

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

Neighborhood: Arbor at Sonoma Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8692191

* 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
Beard Elementary School Primary Regular 861 51 10
Hector Garcia Middle School Middle Regular 1,483 85 9
Brandeis High School High Regular 2,593 149 8

Beard Elementary School

  • Education Level: Primary
  • # of students: 861
  • # of teachers: 51
10
GreatSchools Rating

Hector Garcia Middle School

  • Education Level: Middle
  • # of students: 1,483
  • # of teachers: 85
9
GreatSchools Rating

Brandeis High School

  • Education Level: High
  • # of students: 2,593
  • # of teachers: 149
8
GreatSchools Rating
 

$280,799$343,199$311,999

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,084
Property Tax -$642
Property Insurance -$189
HOA -$42
Property Management Fees -$99
CASH FLOW
$175

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.

$311,999

PROJECTED PRICE

$2,230

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,430

INVESTMENT

$88,430

Down Payment
$78,000
Rehab Estimate
$5,750
Closing Costs
$4,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,000
Loan Amount $233,999
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,283

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,2005$2,230
$2,230
RENT COMPS ANALYSIS
  • 8502 Sonora Pass Helotes, TX 5
    • 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.80
    •  
  • 9223 Mccafferty Dr Helotes, TX 1
    • 4 beds 4 baths ∙ 2,881 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,881 Sqft ∙ Built 2004
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 15307 Luna Ridge Helotes, TX 2
    • 3 beds 3 baths ∙ 2,723 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,723 Sqft ∙ Built 2002
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 8503 Eagle Peak Helotes, TX 3
    • 4 beds 4 baths ∙ 2,601 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,601 Sqft ∙ Built 2005
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 8607 Mantano Ridge Helotes, TX 4
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2003
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lindsey Beck
1.210.872.4342
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512319
Last Updated: 03/04/2021
BESbswy