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8823 Canvas Back San Antonio, TX 78245

3 Beds 3 Baths 2,160 sqft Built 2006

$209,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $97.18
  • 7 Days on Market
  • MLS # : 1497304
  • Updated Date : 11/30/2020 at 17:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Burroughs

Listing Agent's Description

NICE 3 BR HOME NEAR LACKLAND AFB AND SHOPPING FEATURING A SPLIT MASTER BEDROOM & 2 LIVING AREAS*NEW FLOORING & FRESH INTERIOR PAINT*CENTER ISLAND KITCHEN W/ STOVE/RANGE & DISHWASHER*CENTRAL HVAC*HIS/HER SINKS*GARDEN TUB*LAUNDRY ROOM & OFFICE NOOK*2 CAR GARAGE W/ OPENER*COVERED PATIO

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Hatchett Elementary School Primary Regular 841 53 5
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Hatchett Elementary School

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 53
5
GreatSchools Rating

Pease Middle School

  • Education Level: Middle
  • # of students: 1,139
  • # of teachers: 73
4
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$774
Property Tax -$469
Property Insurance -$152
HOA -$15
Property Management Fees -$99
CASH FLOW
-$109

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.

$209,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4754$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 8823 Canvas Back San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 9126 Centro Grande San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2002
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.63
    •  
  • 8831 Golden Eye San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.68
    •  
  • 8734 Snow Goose San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 9128 Centro Bonito San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jon Burroughs
1.210.710.7303
Century 21 Burroughs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497304
Last Updated: 11/30/2020
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