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2634 Brighton Park Converse, TX 78109

3 Beds 2 Baths 1,408 sqft Built 2007

$191,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $136.29
  • 8 Days on Market
  • MLS # : 1495264
  • Updated Date : 11/19/2020 at 13:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Icon Realty

Listing Agent's Description

3 bed 2 bath home located in Horizon Pointe Subdivision full of great amenities. Tile floors throughout the home. Over-sized cement patio in back of home. 2 car garage with wireless opener included.

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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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$172,710$211,090$191,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$708
Property Tax -$427
Property Insurance -$108
HOA -$32
Property Management Fees -$99
CASH FLOW
$36

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.

$191,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.73%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,604

INVESTMENT

$56,604

Down Payment
$47,975
Rehab Estimate
$5,750
Closing Costs
$2,879

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$708

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,975
Loan Amount $143,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,3003$1,3254$1,4105$1,500
$1,500
RENT COMPS ANALYSIS
  • 2634 Brighton Park Converse, TX 4
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.00
    •  
  • 6918 Opal Cliffs Converse, TX 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.92
    •  
  • 2746 Point Sur Converse, TX 2
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 6926 Opal Cliffs Converse, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.04
    •  
  • 2611 Big Bear Lake Converse, TX 5
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Nikkia Narcisse
1.210.584.6352
Icon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495264
Last Updated: 11/19/2020
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