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8815 Adams Hill Dr San Antonio, TX 78227

3 Beds 2 Baths 1,237 sqft Built 1971

$134,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $109.05
  • 4 Days on Market
  • MLS # : 1510841
  • Updated Date : 02/25/2021 at 17:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,237 sqft
  • Baths : 2 full
Listing Agent

Local Realty

Listing Agent's Description

Being Sold AS IS. Lots of great potential, home could use some cosmetic love but is definitely livable! Highlights include NO CARPET! Large yard - Big Covered Patio - Sq Footage is bigger than tax record indicates as the garage conversion isn't included in it. Come check it out and make an offer today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Rainbow Hills

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $62k204k

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

Neighborhood: Rainbow Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6261456

* 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
Glenn Elementary School Primary Regular 682 46 4
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Glenn Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 46
4
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$121,410$148,390$134,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$469
Property Tax -$330
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
$234

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.

$134,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 10.0%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$41,499

INVESTMENT

$41,499

Down Payment
$33,725
Rehab Estimate
$5,750
Closing Costs
$2,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$469

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $33,725
Loan Amount $101,175
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$20,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,225

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2304$1,2755$1,349
$1,349
RENT COMPS ANALYSIS
  • 8815 Adams Hill Dr San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.99
    •  
  • 9734 Caney Creek Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1973
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.94
    •  
  • 542 Jamaica Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1968
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
  • 9130 Mobile Bay St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
  • 9110 Mobile Bay St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1972
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $1.07
    •  
PROPERTY LISTING DETAILS
Sarah Schaff
1.210.535.2780
Local Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510841
Last Updated: 02/25/2021
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