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8838 Toulouse San Antonio, TX 78240

3 Beds 3 Baths 2,690 sqft Built 2001

$189,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $70.26
  • 2 Days on Market
  • MLS # : 1512715
  • Updated Date : 03/06/2021 at 13:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,690 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Private neighborhood with limited access preventing through traffic. great opportunity in a great neighborhood. Sold "as is", no repairs will be done.

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Wanke Elementary School Primary Regular 871 55 5
Stevenson Middle School Middle Regular 1,361 81 6
Marshall High School High Regular 2,682 162 5

Wanke Elementary School

  • Education Level: Primary
  • # of students: 871
  • # of teachers: 55
5
GreatSchools Rating

Stevenson Middle School

  • Education Level: Middle
  • # of students: 1,361
  • # of teachers: 81
6
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$656
Property Tax -$515
Property Insurance -$182
HOA -$14
Property Management Fees -$99
CASH FLOW
$204

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.

$189,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.88%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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-$2.0k$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$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$656

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$14,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,6454$1,6705$1,699
$1,699
RENT COMPS ANALYSIS
  • 8838 Toulouse San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.62
    •  
  • 9119 Maverick Pass San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 1998
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 7704 Flower Bluff San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1991
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 9511 Maverick Pt San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1997
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.65
    •  
  • 8746 Toulouse San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2000
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.63
    •  
PROPERTY LISTING DETAILS
Robert Lowry
1.210.889.0760
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512715
Last Updated: 03/06/2021
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