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8834 Palmetto Falls San Antonio, TX 78254

5 Beds 4 Baths 2,680 sqft Built 2016

$275,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $102.61
  • 3 Days on Market
  • MLS # : 1500321
  • Updated Date : 12/18/2020 at 17:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,680 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

Built in 2016, this San Antonio two-story home offers a patio, granite countertops, and a two-car garage. This home is vacant and cleaned regularly. This home has been virtually staged to illustrate its potential! Thanks for viewing!

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

Kallison 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,015
Property Tax -$614
Property Insurance -$182
HOA -$63
Property Management Fees -$99
CASH FLOW
$28

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.

$275,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.73%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 8834 Palmetto Falls San Antonio, TX 2
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 8939 Hickman Park San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2015
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 8209 Limerick Falls San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
  • 13818 Murphy Haven San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2017
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 8926 Ironwood Hill San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500321
Last Updated: 12/18/2020
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