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3310 Peace Fields Converse, TX 78109

3 Beds 2 Baths 1,549 sqft Built 2014

$210,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $135.57
  • 3 Days on Market
  • MLS # : 1508409
  • Updated Date : 02/06/2021 at 01:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,549 sqft
  • Baths : 2 full
Listing Agent

True Home, Realtors

Listing Agent's Description

This like-new home in the desirable Windfield subdivision is a must see! 3 bedrooms and 2 full baths with a split floorplan for privacy. Island kitchen with ceramic tile and stainless steel appliances. Built in 2014, this home has been well cared for and is ready for its new family. Home exterior and driveway were recently pressure washed, carpets cleaned, and fence stained.

SEE MORE

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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$729
Property Tax -$467
Property Insurance -$117
HOA -$28
Property Management Fees -$99
CASH FLOW
-$50

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.

$210,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.66%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,3503$1,3904$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 3310 Peace Fields Converse, TX 3
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.90
    •  
  • 6734 Sandy Point Dr San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2001
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.92
    •  
  • 6646 Hartnet Fields Converse, TX 2
    • 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 2008
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 6811 Grapevine Lk San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,473 Sqft ∙ Built 2002
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 3103 Saturn Path San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Christina White
1.210.551.2909
True Home, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508409
Last Updated: 02/06/2021
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