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10723 Francisco Way Converse, TX 78109

3 Beds 2 Baths 1,855 sqft Built 2020

INVESTimate

$242,786

List Price

$1,700

$1,530 - $1,870

Rent Est.

$257,790  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.88
  • 6 Days on Market
  • MLS # : 1478593
  • Updated Date : 08/21/2020 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,855 sqft
  • Baths : 2 full
Listing Agent

Escape Realty

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

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$218,507$267,065$242,786

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$896
Property Tax -$540
Property Insurance -$134
HOA -$23
Property Management Fees -$99
CASH FLOW
$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$242,786

PROJECTED PRICE

$1,700

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.18%
Maintenance Year (1-5) 3.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,338

INVESTMENT

$66,338

Down Payment
$60,697
Rehab Estimate
$2,000
Closing Costs
$3,642

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,697
Loan Amount $182,090
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6503$1,7004$1,7505$2,000
$2,000
RENT COMPS ANALYSIS
  • 10723 Francisco Way Converse, 3
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 10314 Rosalina Loop Converse, 1
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2018
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 10675 Pablo Way Converse, 2
    • 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 2018
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 5923 Sunshine Smt San Antonio, 4
    • 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 2019
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 10516 Pablo Way San Antonio, 5
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2018
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jaclyn Calhoun
1.210.421.9291
Escape Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478593
Last Updated: 08/21/2020
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