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104 Ash Dr Converse, TX 78109

4 Beds 2 Baths 1,434 sqft Built 1972

$185,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

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
$995
1$9952$1,0003$1,1704$1,1755$1,195
$1,195
RENT COMPS ANALYSIS
  • 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
Sonya Cantu
1.210.872.7551
Savior Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505600
Last Updated: 01/22/2021
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