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8859 Belgian Falls San Antonio, TX 78254

4 Beds 2 Baths 1,904 sqft Built 2016

$299,999

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $157.56
  • 1 Days on Market
  • MLS # : 1545230
  • Updated Date : 07/13/2021 at 13:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,904 sqft
  • Baths : 2 full
Listing Agent

San Antonio's Finest Realty

Listing Agent's Description

ENERGY EFFICIENT HOME is a MUST see! Solar Panels and Water Softener will convey (avg. utility bill upon request) Has gutters & sprinkler system. Gorgeous single story home in Valley Ranch! 4 bd 2 bath, ceramic tile flooring in high traffic areas, high ceilings & open concept floor plan is perfect for entertaining. Kitchen features granite countertops, ample bar seating, beautiful cabinetry & overlooking spacious living area. Sellers may request a temporary lease back for a small amount of time...Use the link for virtual tour...

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 Unknown 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:
  • # of teachers:
NA
GreatSchools Rating

Harlan High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,042
Property Tax -$670
Property Insurance -$137
HOA -$63
Property Management Fees -$99
CASH FLOW
-$180

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.

$299,999

PROJECTED PRICE

$1,830

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$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8304$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 8859 Belgian Falls San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.96
    •  
  • 14019 Cremello Falls San Antonio, TX 1
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2017
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 9015 Washburn Ct San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2015
    property image
    LEASED 03/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 8911 Hughes Creek San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 2016
    property image
    LEASED 07/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 8922 Double Oak San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2016
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jose Bara
1.210.827.7634
San Antonio's Finest Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545230
Last Updated: 07/13/2021
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