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8758 Shallow Ridge Dr San Antonio, TX 78239

3 Beds 2 Baths 1,280 sqft Built 1984

$169,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $132.73
  • 2 Days on Market
  • MLS # : 1512714
  • Updated Date : 03/06/2021 at 13:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Recently updated single story with granite counters, new lighting & plumbing fixtures, fresh paint fresh paint throughout, and newer vinyl flooring. Desirable location close to shopping, I-35, 1604, Randolph AFB, and schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$590
Property Tax -$379
Property Insurance -$101
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 18% of earned rent to cover both maintenance and periods of vacancy.

$169,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.74%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$8,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,242

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,2754$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 8758 Shallow Ridge Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 8779 Ridge Mile Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1984
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 8602 Ridge Flower San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1985
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.90
    •  
  • 8466 Maple Ridge Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1985
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 8759 Ridge Moon Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1984
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Greg Foster
1.210.890.4155
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512714
Last Updated: 03/06/2021
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