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9330 Thornbury St San Antonio, TX 78250

4 Beds 3 Baths 2,259 sqft Built 1983

$200,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $88.53
  • 8 Days on Market
  • MLS # : 1491650
  • Updated Date : 10/27/2020 at 16:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Large 4 bedroom 2.5 bath with Master downstairs and a fireplace. No carpet in the home. Nice large backyard with many live oaks. Close enough to walk to the pool and sport court. Price under Bexar county appraisal. Tours start Wed 10/28 by appointment only

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: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Northwest Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7611472

* 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
Carson Elementary School Primary Regular 650 41 8
Connally Middle School Middle Regular 1,049 63 5
Taft High School High Regular 2,901 174 7

Carson Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 41
8
GreatSchools Rating

Connally Middle School

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

Taft High School

  • Education Level: High
  • # of students: 2,901
  • # of teachers: 174
7
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$738
Property Tax -$451
Property Insurance -$157
HOA -$21
Property Management Fees -$99
CASH FLOW
$44

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.

$200,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$7,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5104$1,5255$1,600
$1,600
RENT COMPS ANALYSIS
  • 9330 Thornbury St San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.67
    •  
  • 9550 Coolbrook San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1984
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 9506 Campton Farms San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1994
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 9027 Veranda Ct San Antonio, TX 4
    • 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2002
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 9526 Vallecito Mesa San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1999
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
PROPERTY LISTING DETAILS
Evalyn Alejandre
1.210.313.2443
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1491650
Last Updated: 10/27/2020
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