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8634 Painted Teepee St San Antonio, TX 78242

3 Beds 2 Baths 1,200 sqft Built 1977

$145,500

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $121.25
  • 3 Days on Market
  • MLS # : 1498229
  • Updated Date : 12/05/2020 at 02:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

One story gem! This 3/2 single story home is ready for a new family to call its own. Spacious kitchen opens to family room and to breakfast. Large Master with Master bath features whirlpool tub with separate shower. Good size secondary bedrooms. Beautiful deck with plenty of yard. Come and take a look at this one today before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
 

$130,950$160,050$145,500

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$537
Property Tax -$325
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$103

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.

$145,500

PROJECTED PRICE

$1,160

PROJECTED RENT

0.80%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,308

INVESTMENT

$44,308

Down Payment
$36,375
Rehab Estimate
$5,750
Closing Costs
$2,183

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$537

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,375
Loan Amount $109,125
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$11,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,140

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$9953$1,0954$1,1005$1,160
$1,160
RENT COMPS ANALYSIS
  • 8634 Painted Teepee St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.97
    •  
  • 5119 Big Fawn St San Antonio, TX 1
    • 3 beds 1 baths ∙ 888 Sqft ∙ Built 1977 3 beds 1 baths ∙ 888 Sqft ∙ Built 1977
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.01
    •  
  • 8603 White Star St San Antonio, TX 2
    • 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 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Ivan Terrazas
1.210.473.8059
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498229
Last Updated: 12/05/2020
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