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310 Diana Dr Converse, TX 78109

3 Beds 2 Baths 1,096 sqft Built 1974

$150,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $136.86
  • 6 Days on Market
  • MLS # : 1506232
  • Updated Date : 01/27/2021 at 02:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Come take a look at this recently remodeled home with an open floor plan, vaulted ceilings and exposed beams! Great curb appeal. Located on a large lot with a relaxing backyard with no backyard neighbors and recently installed wooden deck. Doors, flooring, paint and much, much more! Gas is currently turned off due to vacancy.

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$521
Property Tax -$334
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
$46

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$150,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$6,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,082

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,0953$1,2904$1,3495$1,350
$1,350
RENT COMPS ANALYSIS
  • 310 Diana Dr Converse, TX 1
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.99
    •  
  • 8318 Copperknoll Converse, TX 2
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1991
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.92
    •  
  • 8818 Slumber St Converse, TX 3
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1973
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.02
    •  
  • 206 Royal Dr Converse, TX 4
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1972
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.94
    •  
  • 9831 Autumn Valley Converse, TX 5
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1994
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
PROPERTY LISTING DETAILS
Cassandra Salazar
1.361.676.6956
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506232
Last Updated: 01/27/2021
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