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8731 Coffee Dr San Antonio, TX 78221

3 Beds 2 Baths 1,788 sqft Built 1970

$189,979

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $106.25
  • 4 Days on Market
  • MLS # : 1504008
  • Updated Date : 01/15/2021 at 18:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Homebuying Homeselling Realty

Listing Agent's Description

Check out this great 3-bedroom 2- bath home in a growing neighborhood, four min to groceries and shopping and within proximity access to 410 and IH35. Host your family and friends in the open floor plan, high sky lighted ceilings and a beautiful rock fireplace. Bright and Spacious Home. The master bedroom has restroom with tiled walk-in shower. Also has a Bonus room that can be used as a 4th bedroom or office space.! Private fenced in Back yard and covered patio area perfect for children to run around. Yard also has large storage shed Coffee street is ready for you to call it your home! Owner has made upgrades must see!!!

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: Kingsborough Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $62k204k

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

Neighborhood: Kingsborough Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5901456

* 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
H W Schulze Elementary School Primary Regular 791 43 3
Mccollum High School High Regular 1,792 128 3
Kingsborough Middle School Primary Regular 599 49 NA

H W Schulze Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 43
3
GreatSchools Rating

Mccollum High School

  • Education Level: High
  • # of students: 1,792
  • # of teachers: 128
3
GreatSchools Rating

Kingsborough Middle School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 49
NA
GreatSchools Rating
 

$170,981$208,977$189,979

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$660
Property Tax -$424
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$57

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.

$189,979

PROJECTED PRICE

$1,370

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,094

INVESTMENT

$56,094

Down Payment
$47,495
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,495
Loan Amount $142,484
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$6,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,370
$1,370
RENT COMPS ANALYSIS
  • 8731 Coffee Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.77
    •  
  • 630 Baltzell Ave San Antonio, TX 1
    • 3 beds 1 baths ∙ 1,540 Sqft ∙ Built 1975 3 beds 1 baths ∙ 1,540 Sqft ∙ Built 1975
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.78
    •  
PROPERTY LISTING DETAILS
Martha Uribe
1.210.571.3718
Homebuying Homeselling Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504008
Last Updated: 01/15/2021
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