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

8759 Shallow Ridge Dr San Antonio, TX 78239

3 Beds 2 Baths 1,764 sqft Built 1984

$189,950

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $107.68
  • 4 Days on Market
  • MLS # : 1495909
  • Updated Date : 11/20/2020 at 19:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Mission Real Estate Group

Listing Agent's Description

Check out this completely modernized home! New kitchen cabinets, granite, stainless steel appliances, HVAC, floors, doors, energy efficient windows, and much much more. High end designer touches throughout, pictures does this home zero justice. Designer tile and fixtures in the bathroom for a retreat ambiance. Huge backyard for entertainment. Room dimensions are not accurate, please measure yourself if that is important. All offers submitted on Friday will be accepted the following Monday. Owner is the agent.

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: 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
 

$170,955$208,945$189,950

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$701
Property Tax -$424
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$7

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.

$189,950

PROJECTED PRICE

$1,360

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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$56,087

INVESTMENT

$56,087

Down Payment
$47,488
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,488
Loan Amount $142,463
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$5,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,442

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3493$1,3504$1,3605$1,379
$1,379
RENT COMPS ANALYSIS
  • 8759 Shallow Ridge Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.77
    •  
  • 7706 Clay Ridge Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1984
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 8735 Ridge Mile Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1984
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.86
    •  
  • 8654 Ridge Mile Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 8630 Serene Ridge Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1985
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,379
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michael Singletary
1.281.748.5791
Mission Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495909
Last Updated: 11/20/2020
BESbswy