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8510 Timber Ranch San Antonio, TX 78250

3 Beds 3 Baths 1,996 sqft Built 1993

$239,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $119.74
  • 2 Days on Market
  • MLS # : 1503192
  • Updated Date : 01/09/2021 at 23:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Icon Realty

Listing Agent's Description

Beautiful 3 bedroom, 2 story move-in ready home. You'll love this charming 3 BDRM 2.5 BATH two story home in the beautiful neighborhood of Silver Creek. Featuring 2 living areas with a fireplace, formal dining room, and a breakfast nook with bay window! Large fenced in backyard features mature trees providing generous shade during hot summer months. You'll enjoy the open flow from kitchen through dining area into the family room. Large master bedroom has a walk in closet and spacious bathroom with separate garden tub and walk in shower. Minutes away from Alamo Ranch with quick and easy access to both 1604 and 410. Newly updated wood tile floors and paint throughout entire home. Appliances included; Refrigerator, dishwasher, oven and microwave. This home won't last long! Schedule your showing before it's gone.

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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Timberwilde Elementary School Primary Regular 812 52 5
Connally Middle School Middle Regular 1,049 63 5
Warren High School High Regular 3,052 176 7

Timberwilde Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 52
5
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$830
Property Tax -$534
Property Insurance -$142
HOA -$24
Property Management Fees -$99
CASH FLOW
-$28

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.

$239,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,6004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 8510 Timber Ranch San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 8702 Timberwilde St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 5638 Timberhurst San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1983
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 8435 Timber Whisper San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1986
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 5807 Silent Meadow San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1999
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
PROPERTY LISTING DETAILS
Mamoud Zahraei
1.210.789.7146
Icon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503192
Last Updated: 01/09/2021
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