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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $140.90
- 74 Days on Market
- MLS # : 1492010
- Updated Date : 01/04/2021 at 03:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,660 sqft
- Baths : 2 full
Listing Agent
Icon Realty
Listing Agent's Description
Step into this charming one-story home located in the Key Largo Subdivision! The lovely floor plan provides an open concept with high ceilings for that luxurious and elegant feeling. This home features brand new flooring, built in speakers, recessed lighting throughout, wood cabinets, tile backsplash, beautiful archways, and walk in closets! A large master bedroom with great natural lighting awaits. Don't wait to see this gorgeous home, schedule a showing today!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$520 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$85
|
||
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.
$233,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,734
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,475 |
| Loan Amount | $175,425 |
1.33
YEARS SAVED
$1,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,349
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
3810 Bacall Way Converse, TX 5
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,470
- $0.89
-
8523 Rita Blanca St Converse, TX 1
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,325
- $0.78
-
8519 Sea Rim Converse, TX 2
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006
![property image]()
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,375
- $0.81
-
3934 Key West Way Converse, TX 3
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,375
- $0.81
-
8531 Snakeweed Dr Converse, TX 4
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,425
- $0.85
PROPERTY LISTING DETAILS
1.210.837.8036
Icon Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1492010
Last Updated: 01/04/2021
