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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $158.86
- 2 Days on Market
- MLS # : 1545078
- Updated Date : 07/12/2021 at 16:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,259 sqft
- Baths : 2 full
Listing Agent
Kuper Sotheby's Int'l Realty
Listing Agent's Description
The one you have been waiting for is FINALLY here! Adorable single story in a well kept neighborhood with community park and pool. Open floorplan with a level yard that does not back up to a neighbor! Generous sized master suite with full bath. Great location just minutes from Loop 1604, the Forum and Randolph Brooks Air Force Base! Schertz-Cibolo School District! Don't miss it!
SEE MORE
- 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: Converse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Converse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$445 | |
| Property Insurance | -$100 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$67
|
||
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.
$200,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
1.58
YEARS SAVED
$1,944
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,322
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
10031 Red Iron Crk Converse, TX 1
- 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,290
- $1.02
-
9735 Autumn Arch Converse, TX 2
- 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 2000
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,300
- $1.05
-
8203 Copper Gate Converse, TX 3
- 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005
LEASED 06/07/21- Rent
- Rent Per SQFT
- $1,375
- $1.04
-
9622 Copper Rock Converse, TX 4
- 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2009
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,395
- $1.07
-
9734 Autumn Arch Converse, TX 5
- 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2000
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,397
- $1.04
PROPERTY LISTING DETAILS
1.210.416.9211
Kuper Sotheby's Int'l Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1545078
Last Updated: 07/12/2021
