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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $129.01
- 3 Days on Market
- MLS # : 1505600
- Updated Date : 01/22/2021 at 23:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,434 sqft
- Baths : 1 full , 1 half
Listing Agent
Savior Properties
Listing Agent's Description
PERFECT 4 BEDROOMS, 1.5 BATH AND FAMILY ROOM W/ SEPARATE FORMAL LIVING. FEATURES: *OFFICE (4TH BDRM)*OPEN KITCHEN*BREAKFAST BAR*REFRIGERATOR*NEUTRAL AND BRIGHT CERAMIC TILE*FRESH CARPET IN BEDROOMS*FRESH PAINT*LARGE BACK YARD*CONVERSE PARK AND POOL LESS THEN A MILE*JUDSON ISD*MIN TO LIBRARY*WALMART*ATM*FAST FOOD*DINING*ENTERTAINMENT*NEW SIDEWALKS AND STREET RESURFACING*CALL NOW*
SEE MORE
- 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: 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 | $1,170 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$412 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$93
|
||
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.
$185,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.63%
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
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
1.17
YEARS SAVED
$1,068
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,154
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
104 Ash Dr Converse, TX 3
- 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,434 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,170
- $0.82
-
220 Michelle Dr Converse, TX 1
- 4 beds 1 baths ∙ 1,255 Sqft ∙ Built 1968 4 beds 1 baths ∙ 1,255 Sqft ∙ Built 1968
LEASED 03/15/20- Rent
- Rent Per SQFT
- $995
- $0.79
-
111 Ash Dr Converse, TX 2
- 4 beds 2 baths ∙ 1,276 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,276 Sqft ∙ Built 1972
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,000
- $0.78
-
210 Royal Dr Converse, TX 4
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1973
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,175
- $0.84
-
200 Royal Dr Converse, TX 5
- 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1972
LEASED 01/18/21- Rent
- Rent Per SQFT
- $1,195
- $0.81
PROPERTY LISTING DETAILS
1.210.872.7551
Savior Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1505600
Last Updated: 01/22/2021
