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10330 Rosalina Loop Converse, TX 78109

5 Beds 4 Baths 2,764 sqft Built 2017

$292,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $105.64
  • 5 Days on Market
  • MLS # : 1506317
  • Updated Date : 01/27/2021 at 18:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,764 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

This beautiful 2-story floorplan features 5 bedrooms, 3.5 bathroom with a 2 car garage built in 2017. Open floor plan, large living room, granite countertops, spacious rooms high ceilings and much more! This home is perfect for entertaining guests. You can find the master suite on the first level. Home also includes a secondary master upstairs. Huge game room that will bring the family together! Near major highways, Its a MUST SEE!

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: 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
 

$262,800$321,200$292,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,014
Property Tax -$650
Property Insurance -$187
HOA -$23
Property Management Fees -$99
CASH FLOW
-$3

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.

$292,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.67%

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

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$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,976

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7003$1,7754$1,9005$1,970
$1,970
RENT COMPS ANALYSIS
  • 10330 Rosalina Loop Converse, TX 5
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.71
    •  
  • 9139 Vondel Park Converse, TX 1
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2014
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.67
    •  
  • 4202 Stanley Park Converse, TX 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2013
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 10219 Barbeque Bay Converse, TX 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
    property image
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.73
    •  
  • 10419 Barbeque Bay San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018
    property image
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Genevieve Cavazos
1.210.489.0116
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506317
Last Updated: 01/27/2021
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