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9502 Bricewood Oak San Antonio, TX 78254

3 Beds 4 Baths 2,367 sqft Built 2017

$284,500

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $120.19
  • 3 Days on Market
  • MLS # : 1495011
  • Updated Date : 11/13/2020 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,367 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Penfed Realty

Listing Agent's Description

Beautiful 2 story 3bed/3.5bath home that has a big office w/a large closet & can be turned into a 4th BR.This house features an open living area, high ceilings, recessed lights, a large kitchen island, irrigation sys & water sft. The specious Master has a large bath, standing shower, dual vanity & a great walkin closet. The upstairs loft with over 350sqft w/a full bath can also be turned into a personal suite!The covered patio & backyard w/a concrete rear fence are perfect for entertaining.You must see it!

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
Field Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Field 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
 

$256,050$312,950$284,500

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,050
Property Tax -$635
Property Insurance -$164
HOA -$23
Property Management Fees -$99
CASH FLOW
-$171

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.

$284,500

PROJECTED PRICE

$1,800

PROJECTED RENT

0.63%

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$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,143

INVESTMENT

$81,143

Down Payment
$71,125
Rehab Estimate
$5,750
Closing Costs
$4,268

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,050

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,125
Loan Amount $213,375
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,7004$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 9502 Bricewood Oak San Antonio, TX 4
    • 3 beds 4 baths ∙ 2,367 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,367 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 11838 Wildcat Cove San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.65
    •  
  • 11711 Wildcat Cove San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2014
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 11927 Nixon Pt San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2009
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 11723 Bricewood Heights San Antonio, TX 5
    • 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 2020
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
PROPERTY LISTING DETAILS
Pamela Sanchez
1.718.683.2149
Bhhs Penfed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495011
Last Updated: 11/13/2020
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