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7843 Belmont Valley San Antonio, TX 78253

3 Beds 2 Baths 1,771 sqft Built 2018

$273,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $154.15
  • 21 Days on Market
  • MLS # : 1495439
  • Updated Date : 12/05/2020 at 18:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Orange Blossom Real Estate

Listing Agent's Description

Beautiful one-story rock style home with open spacious floor plan on premium lot! This 3 bedroom, 2 bathroom gem features a spectacular kitchen with gorgeous granite counter tops, kitchen island that wraps around opening up into the spacious living room. Kitchen also includes 36 wall cabinets and ceramic tile backsplash. In from the entry is a 10X13 Study for those that need a home office! Owner's bathroom offers a lovely soaking garden tub and a separate 36 X36 shower Lets not forget to mention the beautifully landscaped yard, with red oak trees planted last year, raised bed gardens with lush grass and automatic in ground sprinkler system to water! This home also features a reverse osmosis water system, water softener, tankless water heater, ceiling fans, gas stove, in ground sprinkler system and much much more! Located in the beautiful Waterford Park Subdivision and Northside ISD. Comes with Builder Warranty!! Appliances Included, Fridge, Washer & Dryer!!

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MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k264k

* 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
Henderson Elementary School Primary Regular 645 41 7
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Henderson Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 41
7
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
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,007
Property Tax -$609
Property Insurance -$129
HOA -$33
Property Management Fees -$99
CASH FLOW
-$218

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.

$273,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.61%

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

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$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$534

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,669

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6753$1,7004$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 7843 Belmont Valley San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.94
    •  
  • 13926 Cohan Way San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 13816 Bellows Path San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2015
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 13914 Cohan Way San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2015
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 14019 Cremello Falls San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jada Smith
1.512.773.1170
Orange Blossom Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495439
Last Updated: 12/05/2020
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