Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8735 Yormis Nest San Antonio, TX 78251

4 Beds 3 Baths 2,560 sqft Built 2013

INVESTimate

$265,000

List Price

$1,800

$1,620 - $1,980

Rent Est.

$275,335  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $103.52
  • 5 Days on Market
  • MLS # : 1478703
  • Updated Date : 08/22/2020 at 06:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Beautiful 2 story home in the sought after Estonia. This spacious home has it all. The downstairs boasts high ceilings, an open floor plan, tile flooring, two separate eating areas, a large living room and gourmet kitchen. This updated kitchen features an island, granite counter tops, tile backsplash, gas cooking, stainless steel appliances and dark cabinets. Upstairs features 4 bedrooms with 2 full bathrooms as well as a game room. The master suite is split from the secondary bedrooms and has a large master bathroom with double vanity and shower/tub combo. Home also features a water softener, recent paint throughout the home, large corner lot and plenty of room for the whole family. The neighborhood amenities include a pavilion, the playground, and the large pool with a shallow play area for children. Home is conveniently located near HWY 151, Loop 1604 and Loop 410. Showings will begin August 24. Visit this beautiful home and you will fall in love. The owner has taken great care of the home and they look forward to the next owner loving it as much as they do.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k213k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Evers Elementary School Primary Regular 1,002 58 6
Jordan Middle School Middle Regular 1,353 78 5
Warren High School High Regular 3,052 176 7

Evers Elementary School

  • Education Level: Primary
  • # of students: 1,002
  • # of teachers: 58
6
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 78
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$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$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$978
Property Tax -$592
Property Insurance -$175
HOA -$38
Property Management Fees -$99
CASH FLOW
-$81

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.

$265,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7253$1,7504$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 8735 Yormis Nest San Antonio, 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 8634 Lahemaa Falls San Antonio, 1
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2011
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 8407 Loska Green San Antonio, 2
    • 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2012
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 1915 Muuga Manor San Antonio, 3
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2012
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 1910 Lake Peipsi San Antonio, 5
    • 3 beds 2 baths ∙ 2,617 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,617 Sqft ∙ Built 2009
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.74
    •  
PROPERTY LISTING DETAILS
Erika Chapa
1.210.854.9326
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478703
Last Updated: 08/22/2020
BESbswy