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9606 Bending Crest San Antonio, TX 78239

3 Beds 2 Baths 1,386 sqft Built 1997

$150,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $108.23
  • 5 Days on Market
  • MLS # : 1506408
  • Updated Date : 01/27/2021 at 22:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

Please do not disturb tenants. No showings until Feb 2,2021. Perfect home for an investor. Home needs some touch ups, but overall brings in positive cash flow. Home is located in Crestridge community.

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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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Miller's Point Elementary School Primary Regular 612 44 5
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Miller's Point Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 44
5
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$521
Property Tax -$335
Property Insurance -$107
HOA -$12
Property Management Fees -$99
CASH FLOW
$207

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$150,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.85%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$17,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,275

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2803$1,2854$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 9606 Bending Crest San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.92
    •  
  • 6714 Evercrest Ln San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 6719 Barton Rock Ln San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.93
    •  
  • 6714 Barton Rock Ln San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.92
    •  
  • 6738 Badger Pass Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1997
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tony Zamora
1.210.632.1290
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506408
Last Updated: 01/27/2021
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