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8850 Old Sky Harbor San Antonio, TX 78242

3 Beds 2 Baths 1,041 sqft Built 2002

$129,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $124.78
  • 2 Days on Market
  • MLS # : 1505685
  • Updated Date : 01/23/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,041 sqft
  • Baths : 2 full
Listing Agent

Hance Realty

Listing Agent's Description

Great opportunity to purchase a 3 bedroom with 2 full baths. Why pay rent when you can own for less? A must see to appreciate. Call agent for any questions.

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: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200kPrice in $56k204k

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

Neighborhood: Hidden Cove - Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400Rent in $5481456

* 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
Sky Harbour Elementary School Primary Regular 649 42 5
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Sky Harbour Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 42
5
GreatSchools Rating

Sharon Christa Mcauliffe Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 64
2
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 3,545
  • # of teachers: 195
3
GreatSchools Rating
 

$116,910$142,890$129,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$451
Property Tax -$290
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
$203

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.

$129,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.9%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$451

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$17,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,007

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,0954$1,1305$1,245
$1,245
RENT COMPS ANALYSIS
  • 8850 Old Sky Harbor San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.09
    •  
  • 8740 Port Of Call Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 964 Sqft ∙ Built 1985 3 beds 2 baths ∙ 964 Sqft ∙ Built 1985
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.99
    •  
  • 9110 Boston Harbor Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 2001
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.91
    •  
  • 8811 Catalina Bay San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1983
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.93
    •  
  • 9216 Balboa Port Dr San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,201 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,201 Sqft ∙ Built 2002
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.04
    •  
PROPERTY LISTING DETAILS
Silvia Hance
1.210.632.2469
Hance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505685
Last Updated: 01/23/2021
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