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8618 Bristlecone St San Antonio, TX 78240

4 Beds 2 Baths 1,523 sqft Built 1977

$207,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $135.92
  • 6 Days on Market
  • MLS # : 1502182
  • Updated Date : 01/07/2021 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,523 sqft
  • Baths : 2 full
Listing Agent

3d Realty & Property Mgmt.

Listing Agent's Description

Spectacular one story property that is well maintained, and ready for immediate move in. This lovely home has fresh interior paint, a nice entry way with a living room that boast high ceiling with natural wood beam, fire place, open kitchen with a breakfast bar, and plenty of natural light. The kitchen has recently been updated with new counter tops, and faucet fixtures throughout. New lighting fixtures, and ceilings fans throughout the home have also been recently been installed. The backyard has a large patio for cookouts and/or entertaining with a spacious yard that has plenty of privacy.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Wanke Elementary School Primary Regular 871 55 5
Stevenson Middle School Middle Regular 1,361 81 6
Marshall High School High Regular 2,682 162 5

Wanke Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 55
5
GreatSchools Rating

Stevenson Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 81
6
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$186,300$227,700$207,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$719
Property Tax -$462
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
$125

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.

$207,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,605

INVESTMENT

$60,605

Down Payment
$51,750
Rehab Estimate
$5,750
Closing Costs
$3,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,750
Loan Amount $155,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$11,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5204$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 8618 Bristlecone St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.00
    •  
  • 7426 Elderberry St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1976
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.08
    •  
  • 8710 Greenthread Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1976
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 8226 Knute Rockne St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1978
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.01
    •  
  • 7138 Valewood View San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1996
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ray Villarreal
1.210.325.0445
3d Realty & Property Mgmt.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502182
Last Updated: 01/07/2021
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