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9942 Belmore Cove San Antonio, TX 78245

4 Beds 3 Baths 2,501 sqft Built 2015

$240,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $95.96
  • 3 Days on Market
  • MLS # : 1508205
  • Updated Date : 02/05/2021 at 15:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,501 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome to this beautiful 4 bedroom 2.5 bathroom 2 story home! Into the front foyer, to your left is a study/office space. Down the entry hall you're invited into the grand living room with natural light pouring through the windows. The spacious kitchen features dark wood cabinets, neutral tone counters and backsplash, and a great island in the center. Upstairs is the master suite, secondary bedrooms and bathroom, and loft. The loft can be used as a media room, game room, exercise room, you name it! Don't miss out on this beautiful move-in ready home perfect for entertaining many guests!

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Michael Elementary School Primary Regular 828 52 3
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
-$30

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.

$240,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$3,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6103$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 9942 Belmore Cove San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.64
    •  
  • 9718 Amber Ledge San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.63
    •  
  • 9714 Belmore Cove San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2016
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 10235 Villa Del Lago San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 3523 York Crest San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2013
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
PROPERTY LISTING DETAILS
Zachariah Castillo
1.210.410.5556
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508205
Last Updated: 02/05/2021
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