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10403 Barbeque Bay Converse, TX 78109

4 Beds 2 Baths 1,695 sqft Built 2018

$222,250

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $131.12
  • 3 Days on Market
  • MLS # : 1507016
  • Updated Date : 01/29/2021 at 22:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Oasis Company Realtors, Llc

Listing Agent's Description

This well-kept home in Summerhill is on an oversized lot with four bedrooms, two full baths, and attached two-car garage! Open floor plan takes you to a kitchen that overlooks the sprawling backyard. Granite counter tops in the bathrooms and kitchen. The upgraded kitchen kitchen also offers plenty of preparation room and has an island that also includes a breakfast bar. The subway Tile backsplash and dark cabinets make the space feel modern but with plenty of natural light. Throughout the home you will find a laminate vinyl plank flooring and carpet in the bedrooms. The master bedroom features a double vanity, a large walk in shower, and a good-size closet.

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

Zip Code: 78109

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $90k205k

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

Zip Code: 78109

ZipNIR 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
Copperfield Elementary School Primary Regular 650 42 NA
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Copperfield Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 42
NA
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
 

$200,025$244,475$222,250

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$772
Property Tax -$513
Property Insurance -$125
HOA -$25
Property Management Fees -$99
CASH FLOW
-$84

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.

$222,250

PROJECTED PRICE

$1,450

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,646

INVESTMENT

$64,646

Down Payment
$55,563
Rehab Estimate
$5,750
Closing Costs
$3,334

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$772

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,563
Loan Amount $166,688
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,6004$1,6355$1,650
$1,650
RENT COMPS ANALYSIS
  • 10403 Barbeque Bay Converse, TX 1
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 10303 Barbeque Bay Converse, TX 2
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2018
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 6207 Campfire Cove Converse, TX 3
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2017
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 10403 Midsummer Meadow Converse, TX 4
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2020
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.96
    •  
  • 6030 Snorkel Sq Converse, TX 5
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2017
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Julio Rivera
1.210.452.1650
Oasis Company Realtors, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507016
Last Updated: 01/29/2021
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