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10326 Francisco Way Converse, TX 78109

5 Beds 3 Baths 2,594 sqft Built 2018

$270,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $104.09
  • 3 Days on Market
  • MLS # : 1502855
  • Updated Date : 01/08/2021 at 13:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,594 sqft
  • Baths : 3 full
Listing Agent

Premier Realty Group

Listing Agent's Description

This gorgeous home offers an open floor plan with impressive entry way, living room, laundry room, spacious kitchen with quartz counter tops, pantry, large island, and a large informal dining area. Primary suite is on main floor with primary bathroom and walk-in closet, as well as a guest bedroom on main floor. The upstairs incorporates 3 bedrooms, bathroom, and a large game/media/living room. Backyard has a covered patio for your outdoor entertainment. A few upgrades include new lighting in the kitchen and dining room and cabinets over washer/dryer with pull out bars for hanging clothing. This home is located NE of San Antonio and has immediate access to I-10, I-35, and 1604, which are the main thoroughfares to travel throughout San Antonio and the surrounding cities. You are a few miles from the Forum Shopping Center, restaurants, entertainment, Randolph AFB and Ft Sam Houston. This home is perfect for the first-time home buyer, right-sizing, or those Military members relocating to Military City USA.

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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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
John Glenn Elementary School Primary Regular 615 37 4
Heritage Middle School Middle Regular 1,150 64 2
East Central High School High Regular 2,943 146 3

John Glenn Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 37
4
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 1,150
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$938
Property Tax -$601
Property Insurance -$177
HOA -$13
Property Management Fees -$99
CASH FLOW
$122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9004$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 10326 Francisco Way Converse, TX 5
    • 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 8811 Palmetto Park Converse, TX 1
    • 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2016
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 6219 Campfire Cove Converse, TX 2
    • 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 10419 Barbeque Bay San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 6035 Snorkel Sq Converse, TX 4
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2018
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Stephanie Bock
1.210.860.7323
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502855
Last Updated: 01/08/2021
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