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8915 Catkin Mdw San Antonio, TX 78245

4 Beds 3 Baths 2,347 sqft Built 2009

$240,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $102.26
  • 4 Days on Market
  • MLS # : 1510776
  • Updated Date : 02/28/2021 at 01:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,347 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Welcome to this beautiful 2-story home in a great location near parks, schools, and shopping! Easy access to TX-151, 1-410, and loop 1604. This spacious home has an open floorplan and generous room sizes all upstairs and endless space with the Walk-in Pantry/ Washer/Dryer room combo. This home features an eat-in-kitchen and a separate dining room perfect for entertaining and holiday dinners. Outside, enjoy a fabulous covered patio, perfect for grilling and parties! The backyard includes peach trees, other than that, its a blank canvas ready for any garden and trees you want to add. This well maintained home is looking for a new family!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
Murnin Elementary School Primary Regular 915 52 6
Pease Middle School Middle Regular 1,139 73 4
Stevens High School High Regular 2,866 172 4

Murnin Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 52
6
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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$162
HOA -$13
Property Management Fees -$99
CASH FLOW
-$173

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.

$240,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.61%

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$600k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4953$1,5504$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 8915 Catkin Mdw San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.63
    •  
  • 9426 Santa Fe Ridge San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2003
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.62
    •  
  • 9402 Mulberry Path San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.61
    •  
  • 526 Tres Caminos San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2002
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 602 Cormorant San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2010
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
PROPERTY LISTING DETAILS
Monica Garcia Vega
1.832.290.0284
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510776
Last Updated: 02/28/2021
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