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8718 Yellow Knife St San Antonio, TX 78242

3 Beds 2 Baths 1,230 sqft Built 1978

$149,900

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $121.87
  • 3 Days on Market
  • MLS # : 1508232
  • Updated Date : 02/05/2021 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Cute 3 bedroom, 1.5 bathroom, 1230 sqft home located on the southwest side of San Antonio. This move-in ready home offers an open concept layout, fresh exterior and interior paint, and laminate flooring throughout. Located just minutes away from Lackland AFB. Great starter home or investment property!

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: 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
 

$134,910$164,890$149,900

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$521
Property Tax -$335
Property Insurance -$98
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 18% of earned rent to cover both maintenance and periods of vacancy.

$149,900

PROJECTED PRICE

$1,080

PROJECTED RENT

0.72%

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-$2.0k$0.0$2.0k$4.0k$6.0k

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$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$4,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,187

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,0503$1,0804$1,1005$1,350
$1,350
RENT COMPS ANALYSIS
  • 8718 Yellow Knife St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.88
    •  
  • 5119 Big Fawn St San Antonio, TX 1
    • 3 beds 1 baths ∙ 888 Sqft ∙ Built 1977 3 beds 1 baths ∙ 888 Sqft ∙ Built 1977
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.01
    •  
  • 8434 Sweet Maiden St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,181 Sqft ∙ Built 1972
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.89
    •  
  • 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
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.96
    •  
  • 8607 Little Wolf St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1973
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Norma Lira
1.210.627.1410
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508232
Last Updated: 02/05/2021
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