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2646 Brighton Park Converse, TX 78109

4 Beds 3 Baths 2,585 sqft Built 2016

$274,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $106.00
  • 89 Days on Market
  • MLS # : 1495754
  • Updated Date : 02/13/2021 at 23:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,585 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams City-view

Listing Agent's Description

The professionally installed landscaping provides eye-catching curb appeal to this stunning,meticulouly maintained prior model home in the Landing at Horizon Pointe. Upgraded ceramic tile in flex room and kitchen/dining area. Stainless steel appliances in the kitchen. A 10' ceiling highlights the beautiful new laminate wood flooring in the family room, which graciously flows into the private downstairs master bedroom and bath. The hardwood flooring on the stairs are easy clean and maintain. The upstairs gameroom and 3 large bedrooms offer spacious living. The interior garage walls are finished/painted. The garage space features recessed lighting and an epoxy finished floor. Enjoy the serene view of your outdoor paradise while sipping a cool beverage on the backyard covered patio.

SEE MORE

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
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
 

$246,600$301,400$274,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$952
Property Tax -$610
Property Insurance -$176
HOA -$31
Property Management Fees -$99
CASH FLOW
-$127

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.

$274,000

PROJECTED PRICE

$1,740

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$800k

PROJECTED ANNUAL CASH FLOW

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

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$78,360

INVESTMENT

$78,360

Down Payment
$68,500
Rehab Estimate
$5,750
Closing Costs
$4,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,500
Loan Amount $205,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7404$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 2646 Brighton Park Converse, TX 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.67
    •  
  • 7119 Marina Del Ray Converse, TX 1
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2015
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.61
    •  
  • 7130 Marina Del Ray Converse, TX 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2017
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 7151 Capricorn Way San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2016
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 2331 Salmon Creek San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 2017
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
PROPERTY LISTING DETAILS
Laura Palencia
1.210.449.7673
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1495754
Last Updated: 02/13/2021
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