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8710 Tamarind St San Antonio, TX 78240

4 Beds 2 Baths 1,945 sqft Built 1976

$195,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $100.26
  • 5 Days on Market
  • MLS # : 1505006
  • Updated Date : 01/21/2021 at 13:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,945 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

***BONUS ROOM*** This home offers an office space, game room or virtual learning quarters! Welcome to this CHARMING one story home in the great neighborhood of Wildwood I. This 4 bedroom 2 bath home has satillo flooring throughout the entire house and 2 living areas with a cozy fireplace. Offers 2 new AC units with Wifi thermostat. The roof is 4yrs old, water heater 5yrs old. The exterior of the home is of brick and stucco and the well-maintained front yard adds to the curb appeal. The security system, timers for the outside lights and the storage shed in the back all stay. This home is ready for your custom touches, come and see! Easy access to HEB, Wal-Mart and several restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$677
Property Tax -$467
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
$118

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.

$195,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.77%

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$9,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4754$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 8710 Tamarind St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 8307 Lou Gehrig St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1974
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 7434 Elderberry St San Antonio, TX 2
    • 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 1976
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 8726 Jack Bean St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1977
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
  • 8634 Bristlecone St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1977
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
PROPERTY LISTING DETAILS
Monica Gonzalez
1.210.239.3700
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505006
Last Updated: 01/21/2021
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