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10143 Colt Crossing Converse, TX 78109

3 Beds 2 Baths 1,700 sqft Built 2005

$199,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $117.59
  • 3 Days on Market
  • MLS # : 1512673
  • Updated Date : 03/06/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Rentwerx San Antonio

Listing Agent's Description

Beautiful 3 bedroom 2 bath single story home in Rolling Creek! Conveniently located for easy access to IH 35, FM 78, and Loop 1604. Stainless steel appliances in kitchen! Custom built-in desk for added convenience! Covered patio for entertaining! The thoughtful layout makes the home feel modern, open, and airy. New roof installed March 2021!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Salinas Elementary School Primary Regular 624 40 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Salinas Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 40
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

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

$179,910$219,890$199,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$694
Property Tax -$445
Property Insurance -$125
HOA -$13
Property Management Fees -$99
CASH FLOW
$64

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.

$199,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$8,113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,5004$1,5255$1,595
$1,595
RENT COMPS ANALYSIS
  • 10143 Colt Crossing Converse, TX 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.85
    •  
  • 8505 Cheyenne Bluff Converse, TX 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2004
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 10014 Palomino Canyon Converse, TX 3
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1986
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 10006 Shawnee Bluff Converse, TX 4
    • 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 2011
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.88
    •  
  • 8611 Lantana Spgs Converse, TX 5
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2013
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Leah Larsen
1.210.878.7189
Rentwerx San Antonio
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512673
Last Updated: 03/06/2021
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