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8911 Ridge Sky St San Antonio, TX 78250

4 Beds 2 Baths 1,943 sqft Built 1979

$215,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $110.65
  • 5 Days on Market
  • MLS # : 1492336
  • Updated Date : 11/02/2020 at 14:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Don't miss out on this beautiful 4BR/2 BA home in Silver Creek/Great Northwest. Large living area with elegant, floor to ceiling, wood-burning fire place. Gorgeous wood-look laminate and tile flooring throughout the downstairs. Separate dining area conveniently located off of the beautiful galley kitchen, perfect when hosting family dinners. Newly installed black stainless steel appliances in the kitchen (2020). Master bedroom downstairs with large closet. Newly expanded deck in the backyard is a great space to entertain your family and friends. Roof replaced in 2015. Great location with easy access to Loop 1604, Hwy. 151 or Loop 410.

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: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Great Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27508008509009501000105011001150120012501300135014001450Rent in $7461472

* 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
Timberwilde Elementary School Primary Regular 812 52 5
Connally Middle School Middle Regular 1,049 63 5
Warren High School High Regular 3,052 176 7

Timberwilde Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 52
5
GreatSchools Rating

Connally Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 63
5
GreatSchools Rating

Warren High School

  • Education Level: High
  • # of students: 3,052
  • # of teachers: 176
7
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$793
Property Tax -$480
Property Insurance -$139
HOA -$24
Property Management Fees -$99
CASH FLOW
-$145

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.

$215,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 8.8%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3904$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 8911 Ridge Sky St San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.72
    •  
  • 8723 Timber Range San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 1984
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.70
    •  
  • 9222 Ridgeland St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1980
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 8702 Timberwilde St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1976
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 8607 Timber Point St San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,857 Sqft ∙ Built 1978
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rebekah Surber
1.210.906.7709
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492336
Last Updated: 11/02/2020
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