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8959 Highland Star San Antonio, TX 78254

4 Beds 4 Baths 2,953 sqft Built 2014

$360,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $121.91
  • 6 Days on Market
  • MLS # : 1492054
  • Updated Date : 10/29/2020 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,953 sqft
  • Baths : 3 full , 1 half
Listing Agent

Liberty Management, Inc.

Listing Agent's Description

Nestled in the great community of Remuda Ranch, this fully upgraded luxury home on a 0.19-acre CORNER lot features 2953 sq. Ft., 4 bedrooms, 3.5 bathrooms, 3-car garage, 2 masters bedroom (one downstairs / one upstairs), and a game room. The 20 ft high ceilings by the living room and kitchen is a must see! Adorned with custom baseboard trims, crown molding, neutral color, ceilings fans, blinds, and beautiful ceramic tiles on the first floor, this home will not fail to impress. Its entry way opens to the formal dining room with butler service area and walk in pantry. This gem is set up for entertainment with its incredible gourmet style kitchen, Stainless Steel appliances, gas cooking, canned recessed lights, beautiful granite counters, huge island bar with built in seating, and long buffet service area for the breakfast nook. Masters bedroom downstairs is a retreat space with its ornate tray ceilings, built in desk for office nook, gorgeous walk in shower with floor to ceiling tiles, dual vanity, and a great size walk in closet. Upstairs you will find the 2nd masters/guest suite with dual vanity, garden tub and shower stall, and a walk-in closet. The backyard space has extended patio with ceiling fans simply perfect for your weekend and holiday entertaining. Just minutes to Alamo Ranch Shopping and restaurants. Quick access to 1604!

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Kallison Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,328
Property Tax -$804
Property Insurance -$197
HOA -$33
Property Management Fees -$99
CASH FLOW
-$232

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.

$360,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.62%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,2303$2,2504$2,2955$2,500
$2,500
RENT COMPS ANALYSIS
  • 8959 Highland Star San Antonio, TX 2
    • 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.76
    •  
  • 13827 Murphy Haven San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 2017
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.74
    •  
  • 8221 Lovela Bend San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2015
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 13150 Shoreline Drive San Antonio, TX 4
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 2016
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 13302 Monument Parke San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2018
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mark Fee
1.210.618.9161
Liberty Management, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492054
Last Updated: 10/29/2020
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