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3515 Aranda Fields Converse, TX 78109

4 Beds 3 Baths 2,463 sqft Built 2006

$235,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $95.41
  • 7 Days on Market
  • MLS # : 1497283
  • Updated Date : 11/30/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,463 sqft
  • Baths : 2 full , 1 half
Listing Agent

Equity Texas Realty

Listing Agent's Description

Welcome home!! So many possibilities with this versitle floor plan. 2 living rooms located downstairs, one living/game room upstairs, 4 bedrooms up, 2 full bath upstairs, and 1/2 bath powder room downstairs. Conveniently located close to I-10 and 410, it is a short drive to downtown, the zoo, and to the base.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

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
 

$211,500$258,500$235,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$867
Property Tax -$523
Property Insurance -$169
HOA -$29
Property Management Fees -$99
CASH FLOW
-$97

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.

$235,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.68%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,729

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
  • $0.65

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,5954$1,6455$1,750
$1,750
RENT COMPS ANALYSIS
  • 3515 Aranda Fields Converse, TX 2
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.65
    •  
  • 3610 Aranda Flds Converse, TX 1
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 3510 Penta Fields Converse, TX 3
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.61
    •  
  • 3514 Alonzo Fields Converse, TX 4
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2008
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.67
    •  
  • 6734 Foster Fields Converse, TX 5
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2011
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
PROPERTY LISTING DETAILS
Mary Caro
1.512.468.6100
Equity Texas Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497283
Last Updated: 11/30/2020
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