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8830 Canvas Back San Antonio, TX 78245

3 Beds 3 Baths 2,160 sqft Built 2006

$207,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $95.83
  • 3 Days on Market
  • MLS # : 1509738
  • Updated Date : 02/12/2021 at 23:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Premier Realty

Listing Agent's Description

GREAT opportunity in the Enclave at Lakeside Subdivision! Move-in ready, well maintained 3 bedroom, 2-1/2 bath home with 2 living areas! Room for the entire family or work from home in comfort! Home has been recently painted and NEW carpet installed! All rooms upstairs! HUGE master suite! Northside ISD! GREAT location! Conveniently located near Lackland AFB, NSA, Sea World and easy access to Loop 410, Hwy 151, U.S. 90, Loop 1604, shopping, dining and much, much more! Don't hesitate on this one! Come take a look TODAY!

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*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
 

$186,300$227,700$207,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$719
Property Tax -$462
Property Insurance -$152
HOA -$15
Property Management Fees -$99
CASH FLOW
-$77

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.

$207,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.66%

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$60,605

INVESTMENT

$60,605

Down Payment
$51,750
Rehab Estimate
$5,750
Closing Costs
$3,105

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,750
Loan Amount $155,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3703$1,4004$1,4755$1,495
$1,495
RENT COMPS ANALYSIS
  • 8830 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
    •  
    • $1,370
    • $0.63
    •  
  • 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
    •  
  • 9107 Via Mirada San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2000
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.64
    •  
  • 8831 Golden Eye San Antonio, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ruben Cavazos
1.915.525.2550
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509738
Last Updated: 02/12/2021
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