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8726 New World San Antonio, TX 78239

3 Beds 2 Baths 1,660 sqft Built 1976

$173,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $104.22
  • 12 Days on Market
  • MLS # : 1491227
  • Updated Date : 11/03/2020 at 06:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,660 sqft
  • Baths : 2 full
Listing Agent

Vortex Realty

Listing Agent's Description

Windcrest Adjacent near Crestway. Surrounded by long time neighbors, easy access to freeway. Shops, Schools, Church and Work Centers nearby. This home has a great layout with a Front Living Room that you can use as a Formal Dining, close it up to make an extra bedroom/office/media, Family Room has Vaulted Ceiling. Good size Kitchen and Dining Area. Primary Bedroom (Master) offers privacy located on opposite side of home, Bathroom has a Single vanity w/ walk-in Shower Stall, spacious Walk in Closet. Secondary bedrooms are on opposite side of home. Backyard access from Dining and Primary Bedroom w/ Deck. Covered Slab Patio.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Montgomery Elementary School Primary Regular 632 46 2
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 46
2
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$155,700$190,300$173,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$638
Property Tax -$386
Property Insurance -$123
Property Management Fees -$99
CASH FLOW
-$36

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.

$173,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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-$4.0k-$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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,595

INVESTMENT

$51,595

Down Payment
$43,250
Rehab Estimate
$5,750
Closing Costs
$2,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,250
Loan Amount $129,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$2,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,224

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,2004$1,2105$1,300
$1,300
RENT COMPS ANALYSIS
  • 8726 New World San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.73
    •  
  • 6830 Burnley San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1973
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.66
    •  
  • 8330 Hastings Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.73
    •  
  • 6818 Horwich San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1973
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.80
    •  
  • 6730 Leyland San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1973
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sophia Karczewski
1.210.482.9990
Vortex Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491227
Last Updated: 11/03/2020
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