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8911 Seacliff St San Antonio, TX 78242

3 Beds 2 Baths 1,280 sqft Built 2018

$154,999

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $121.09
  • 3 Days on Market
  • MLS # : 1497075
  • Updated Date : 11/27/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

3 BDRM 2 FB home in an established neighborhood. Open floor plan with a cathedral ceilinged entry room. Stainless steel stove and microwave with granite counter tops and glass backsplash. Large backyard with no neighbors behind. Indoor laundry room off the kitchen. Perfect starter home!

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
Hidden Cove Elementary School Primary Regular 539 41 4
Sharon Christa Mcauliffe Middle School Middle Regular 918 64 2
Southwest High School High Regular 3,545 195 3

Hidden Cove Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 41
4
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
 

$139,499$170,499$154,999

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$572
Property Tax -$412
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$16

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.

$154,999

PROJECTED PRICE

$1,200

PROJECTED RENT

0.77%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,249
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$4,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,213

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,2003$1,2454$1,3255$1,450
$1,450
RENT COMPS ANALYSIS
  • 8911 Seacliff St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 9110 Boston Harbor Dr San Antonio, TX 1
    • 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
    •  
  • 9216 Balboa Port Dr San Antonio, TX 3
    • 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
    •  
  • 8522 Tesoro Hills San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.88
    •  
  • 8214 Tesoro Hills San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2018
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kristofer Webb
1.210.213.0095
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497075
Last Updated: 11/27/2020
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