6506 Hornblende Trails Whc · San Antonio, TX 78112

$196,399

4 bd · 2.0 ba · 1,483 sqft · SingleFamily · 54 Days on market

Built 2026 Good condition $132/sqft · 18% above area Est $166k · 18% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.1/30.0
• Appreciation +4.9/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Schools +1.9/10.0
• ARV discount +0.0/15.0

Listing remarks

This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location at the front of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms just off the main living areas, which are comfortable spaces for household members and overnight guests.

Key facts

• Walk-in closet
• Open floorplan
• Secondary bedrooms

Tags

• OPEN FLOORPLAN
• OWNER'S SUITE
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• SECONDARY BEDROOMS

Property features AI

Finance

• Other: Address: 6506 Hornblende Trails Whc, Elmendorf, TX 78112; Virtual tour available
• Financial info: List price reported at $195,899

Exterior

• Parking: 2 garage spaces (2 total parking spaces)
• Home design: Single-family home (Hoffman plan); Active listing
• Exterior features: Living area reported as 1483

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 bathrooms (both full)
• Interior features: Spec home (new construction, Hoffman plan)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $196k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-45 ($-534/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (3.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $166k (15.4% below list).
• Recommended offer: $166k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.8% in San Antonio — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#31 in TX, #1,616 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• East Central ISD (rural): math 16% / reading 25% proficiency, ranked #758 of 826 in TX (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 442 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($1k loan paydown + $-324 appreciation (-0.2% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($191k) is reasonable based on typical stale-listing flexibility.

Recommended offer $166,173 (15.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.97%
• DSCR: 0.96
• GRM: 9.8

CMA / ARV

• ARV (median comp): $165,997
• List price: $196,399
• Delta: 18.31%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14805 Mudstone Pl	0.18mi	4/2.0	1,483 (0%)	1mo	$177,999	$120	91
15106 Azzurro Stone	0.09mi	4/2.0	1,575 (+6%)	1mo	$196,999	$125	85
15103 Azzurro Stone	0.35mi	4/2.0	1,483 (0%)	1mo	$177,999	$120	83
6630 Fiore Gdn	0.06mi	3/2.0 (-1)	1,354 (-9%)	1mo	$188,999	$140	77
14809 Granite Gdn	0.11mi	3/2.0 (-1)	1,650 (+11%)	1mo	$221,999	$135	71
6729 Marble Rdg	0.25mi	3/2.5 (-1)	1,360 (-8%)	0mo	$140,999	$104	67
15102 Azzurro Stone	0.10mi	3/2.0 (-1)	1,266 (-15%)	1mo	$177,999	$141	65
6844 Marble Rdg	0.29mi	3/2.5 (-1)	1,360 (-8%)	0mo	$139,999	$103	65
6808 Marble Rdg	0.29mi	3/2.5 (-1)	1,360 (-8%)	1mo	$143,999	$106	65
6820 Marble Rdg	0.29mi	3/2.5 (-1)	1,360 (-8%)	2mo	$146,999	$108	64
15111 Azzurro Stone	0.35mi	4/2.0	1,692 (+14%)	1mo	$195,999	$116	59
15027 Azzurro Stone	0.35mi	4/2.0	1,692 (+14%)	2mo	$180,999	$107	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.17% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.82×
• Total profit: $-10,074
• Equity at exit: $55,411

10-year hold

• IRR: 2.0%
• Equity multiple: 1.21×
• Total profit: $11,741
• Equity at exit: $65,330

Cash invested: $54,992 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78112

• Home prices YoY: -0.1%
• Active inventory: 442
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,662 high
• Mortgage (P&I): −$1,030
• Tax est. 1.5%: −$245 /mo · $2,946/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $-45

Break-even live

Break-even rent $1,718

Max offer price $189,959

Occupancy floor 98%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,100
• Closing costs: $5,892
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6933 Biotite Rdg San Antonio, TX	3.0	2.0	1125	$1,650	$1.47	10d	1	0.39mi
6933 Calcite Trl San Antonio, TX	4.0	2.0	1606	$1,695	$1.06	12d	1	0.44mi
6948 Calcite Trl San Antonio, TX	3.0	2.0	1440	$1,600	$1.11	1d	1	0.48mi
14606 Hackamore Way Elmendorf, TX	4.0	2.0	1699	$1,700	$1.00	14d	1	1.16mi
14606 Hackamore Way Elmendorf, TX	4.0	2.0	1696	$1,700	$1.00	1d	1	1.16mi
14651 Latigo Loop Elmendorf, TX	4.0	2.0	1696	$1,750	$1.03	1d	1	1.26mi
7663 Stud Dr Elmendorf, TX	3.0	2.0	1233	$1,600	$1.30	1d	1	1.26mi

Listing history 17 events

1. 2026-06-18
   days on market $196,399 Active 54 DOM
2. 2026-06-17
   days on market $196,399 Active 53 DOM
3. 2026-06-16
   days on market $196,399 Active 52 DOM
4. 2026-06-15
   price $196,399 Active 51 DOM
5. 2026-06-15
   days on market $196,149 Active 51 DOM
6. 2026-06-13
   days on market $196,149 Active 49 DOM
7. 2026-06-09
   days on market $196,149 Active 45 DOM
8. 2026-06-08
   days on market $196,149 Active 44 DOM
9. 2026-06-08
   price $196,149 Active 43 DOM
10. 2026-06-07
    days on market $195,899 Active 43 DOM
11. 2026-06-04
    days on market $195,899 Active 40 DOM
12. 2026-06-03
    days on market $195,899 Active 39 DOM
13. 2026-06-02
    days on market $195,899 Active 38 DOM
14. 2026-06-01
    days on market $195,899 Active 37 DOM
15. 2026-05-31
    days on market $195,899 Active 36 DOM
16. 2026-05-01
    price $195,899 403-char remark
17. 2026-04-25
    listed $192,899 Active 403-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,941
• − Mortgage interest: −$11,001
• − Property taxes: −$2,946
• − Insurance: −$982
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$5,713
• Taxable loss: −$3,893
• Est. tax savings @ 24.0%: +$934
• After-tax cash flow: $400/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This single-level home features a spacious open floorplan and a well-maintained exterior. It is in good condition with minor cosmetic updates needed to enhance its curb appeal and value.

Value-add opportunities

• Resale Paint the exterior siding — Fresh paint can enhance curb appeal and property value.
• Resale Replace the front door — A new front door can improve the home's curb appeal and security.
• Rental Clean the gutters — Clean gutters can prevent water damage and improve the home's overall appearance.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Resale Replace the front door — A new front door can improve the home's curb appeal and security. ↑
• Rental Clean the gutters — Clean gutters can prevent water damage and improve the home's overall appearance. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: East Central ISD
• NCES district ID: 4817850
• Math proficiency: 16% ▼ -12.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $53,941
• Composite: 18.67/100
• National rank: #8887
• State rank: #758 of 826 in TX

Livability — San Antonio

• Score: 80/100
• State rank: #31
• US rank: #1616

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,806,925
• Population (ZIP): 9,959

Population outlook (Bexar County) Hauer SSP2

• Today (2025): 2,336,851 people
• By 2030: 2,560,728 · +9.6%
• By 2040: 3,020,569 · +29.3%
• By 2050: 3,493,522 · +49.5%
• By 2075: 4,668,459 · +99.8%
• By 2100: 5,533,242 · +136.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 39% White 24% Asian 1%
• Hispanic origin (detail): Mexican 64%
• Common ancestry: Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 57% English-only · Spanish 42% Tagalog/Filipino 1%

Political lean MEDSL · Bexar

• 2024 margin: Lean D (+9.8) · D 54.3% · R 44.6% · Other 1.1%
• 2008→2024 swing: +4.2pp toward D · 2008: 5.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+18.2 2016: D+13.5 2012: D+4.6 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.17%
• Current HPI: 276.3302
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B