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8927 Timber Cross St San Antonio, TX 78250

3 Beds 3 Baths 1,673 sqft Built 1979

$232,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $138.67
  • 2 Days on Market
  • MLS # : 1507153
  • Updated Date : 01/31/2021 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Legacy

Listing Agent's Description

One story home on a cul-de-sac. No carpet! Huge Florida room! Converted garage with closet and a half bath. Ceiling fans in every bedroom. Wet bar in living room. Nice yard with mature trees; Oaks, Texas Red Buds and a Prunus Mume that blooms beautifully in the winter! Back yard also includes a shed.

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
 

$208,800$255,200$232,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$806
Property Tax -$518
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
-$196

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.

$232,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.58%

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,230

INVESTMENT

$67,230

Down Payment
$58,000
Rehab Estimate
$5,750
Closing Costs
$3,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,000
Loan Amount $174,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4253$1,4494$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 8927 Timber Cross St San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 9230 Ridgeland St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1980
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.86
    •  
  • 5015 Shara Mist San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.95
    •  
  • 8723 Timberstone St San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1977
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 6254 Ridgebrook St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1980
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
PROPERTY LISTING DETAILS
Cassandra Salazar
1.361.676.6956
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507153
Last Updated: 01/31/2021
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