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10511 Pablo Way Converse, TX 78109

4 Beds 3 Baths 2,400 sqft Built 2018

$278,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $115.83
  • 4 Days on Market
  • MLS # : 1510910
  • Updated Date : 02/25/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 3 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Welcome home! Ready to move-in. This Beautifully well kept 4 Bedroom home with downstairs guest BedRoom has private bath or used room as an Office. The foyer opens up to the large open floor plan. The dining area is located adjacent to the open kitchen with a spacious island. All BedRooms are large with Very spacious Walk-in Closets. Owner's Suite boasts a spacious Owner's Bath and generous walk-in closet. The living room leads to the backyard to a relaxing covered patio. Did I mention home comes with a full Sprinkler System....This two-story, 2400 sq. ft., 4 bedroom, 3 bathroom home, designed to provide a spacious place to call home. Washer and Dryer convey along with Fridge, Builder 10yr Warranty still with home...Easy drive to Ft Sam Houston and/or Randolph AFB. This is for sure a Ready To Move -In Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
 

$250,200$305,800$278,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$966
Property Tax -$619
Property Insurance -$166
HOA -$14
Property Management Fees -$99
CASH FLOW
-$23

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.

$278,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.66%

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$79,420

INVESTMENT

$79,420

Down Payment
$69,500
Rehab Estimate
$5,750
Closing Costs
$4,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$966

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,500
Loan Amount $208,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,830

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7753$1,8404$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 10511 Pablo Way Converse, TX 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.77
    •  
  • 10314 Francisco Way San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2018
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 10219 Barbeque Bay Converse, TX 2
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.73
    •  
  • 6219 Campfire Cove Converse, TX 4
    • 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 10419 Barbeque Bay San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Diane Gonzales
1.210.381.6430
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1510910
Last Updated: 02/25/2021
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