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8707 Tioga Pass Helotes, TX 78023

4 Beds 3 Baths 2,119 sqft Built 2003

$262,500

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $123.88
  • 21 Days on Market
  • MLS # : 1495428
  • Updated Date : 12/06/2020 at 01:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,119 sqft
  • Baths : 2 full , 1 half
Listing Agent

3d Realty & Property Mgmt.

Listing Agent's Description

BEAUTIFUL TWO STORY HOME LOCATED IN THE DESIRABLE HELOTES COMMUNITY. THIS HOME HAS NEW PAINT, CARPET AND LUXURY VINYL PLANK FLOORING THROUGHOUT. 2 YEAR OLD ROOF, HVAC SYSTEM AND FENCE. OPEN FLOOR PLAN WITH 4 BEDS AND 2.5 BATHS. ABUNDANCE OF WINDOWS THAT BRING IN NATURAL LIGHT. KITCHEN IS TUCKED AWAY WITH A BREAKFAST NOOK. MASTER BEDROOM IS HUGE WITH A LARGE WALK IN CLOSET. MASTER BATHROOM HAS A SEPARATE SHOWER AND TUB. GAME ROOM IS LOCATED UPSTAIRS FOR ADDITIONAL ENTERTAINMENT SPACE. SECONDARY ROOMS ARE SPACIOUS. GORGEOUS OVERSIZED BACK YARD GREAT FOR SUMMER BBQ'S AND ENTERTAINING. THIS HOME IS A MUST SEE!

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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: 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
 

$236,250$288,750$262,500

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$969
Property Tax -$540
Property Insurance -$149
HOA -$30
Property Management Fees -$99
CASH FLOW
$73

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.

$262,500

PROJECTED PRICE

$1,860

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,313

INVESTMENT

$75,313

Down Payment
$65,625
Rehab Estimate
$5,750
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,625
Loan Amount $196,875
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$10,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8603$1,8954$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 8707 Tioga Pass Helotes, TX 2
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.88
    •  
  • 8614 Sonora Pass Helotes, TX 1
    • 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,087 Sqft ∙ Built 2002
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 8611 Tioga Pass Helotes, TX 3
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2002
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 8806 Imperial Cross Helotes, TX 4
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2005
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 8406 Feather Trl Helotes, TX 5
    • 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2002
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Elizabeth Wallace
1.210.749.2002
3d Realty & Property Mgmt.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495428
Last Updated: 12/06/2020
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