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10770 Francisco Way Converse, TX 78109

3 Beds 2 Baths 1,726 sqft Built 2020

INVESTimate

$242,907

List Price

$1,590

$1,431 - $1,749

Rent Est.

$257,919  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $140.73
  • 6 Days on Market
  • MLS # : 1478609
  • Updated Date : 08/21/2020 at 20:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 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

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
 

$218,616$267,198$242,907

PURCHASE PRICE

$1,431$1,749$1,590

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$896
Property Tax -$540
Property Insurance -$127
HOA -$23
Property Management Fees -$99
CASH FLOW
-$96

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.

$242,907

PROJECTED PRICE

$1,590

PROJECTED RENT

0.65%

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$66,370

INVESTMENT

$66,370

Down Payment
$60,727
Rehab Estimate
$2,000
Closing Costs
$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $60,727
Loan Amount $182,180
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6353$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 10770 Francisco Way Converse, 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.92
    •  
  • 10403 Midsummer Meadow Converse, 2
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2020
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.96
    •  
  • 6030 Snorkel Sq Converse, 3
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2017
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 10675 Pablo Way Converse, 4
    • 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, 5
    • 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
    •  
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 #: 1478609
Last Updated: 08/21/2020
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