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10419 Rosalina Loop Converse, TX 78109

4 Beds 2 Baths 1,877 sqft Built 2016

$255,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $135.86
  • 3 Days on Market
  • MLS # : 1496134
  • Updated Date : 11/21/2020 at 17:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

THIS GORGEOUS 4/2 OFFERS A HIGHLY SOUGHT AFTER OPEN CONCEPT DESIGN. THE LIVING AREA IS OPEN TO DINING AND KITCHEN. FEATURES INCLUDE LARGE, OVERSIZED ISLAND WITH SINGLE BASIN STAINLESS STEEL SINK, 42" UPPER CABINETS WITH CROWN MOLDING, HARDWARE, GRANITE/QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, RECESSED CANNED LIGHTING, 18" CERAMIC TILE AT ENTRY, BATHS, UTILITY, KITCHEN AND LIVING. BEAUTIFUL MASTER SUITE WITH WALK-IN CLOSET AND WALK-IN SHOWER AND COVERED PATIO. 11/21/2020 Open House 11:00 AM 03:00 PM 11/22/2020 Open House 11:00 AM 03:00 PM 11/23/2020 Open House 04:00 PM 07:00 PM

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: 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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$941
Property Tax -$556
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$111

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.

$255,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,619

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,6204$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 10419 Rosalina Loop Converse, TX 3
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.86
    •  
  • 10314 Rosalina Loop Converse, TX 1
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2018
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 10322 Francisco Way Converse, TX 2
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2018
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 10564 Pablo Way Converse, TX 4
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 10516 Pablo Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Florence Holder
1.210.980.0860
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496134
Last Updated: 11/21/2020
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