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3911 Bacall Way Converse, TX 78109

3 Beds 2 Baths 1,490 sqft Built 2016

$190,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $127.52
  • 2 Days on Market
  • MLS # : 1492838
  • Updated Date : 11/03/2020 at 00:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,490 sqft
  • Baths : 2 full
Listing Agent

Tx Spotted Horse Realty

Listing Agent's Description

Absolutely BEAUTIFUL home. Close to Fort Sam Houston AND Randolph Air Force Base. GREAT Location! Open Floor Plan. Granite counter tops in Kitchen. GE Appliances. Window Seat in Dining Area. New Flooring. Built in Nooks. High Custom Ceiling Treatments Throughout. Custom Blinds are to Remain. HUGE Master Closet. Custom Tile Shower Surround with Separate Garden Tub. Cultured Marble Bath Vanities. Radiant Barrier Decking. Low E Double Pane Windows. Finished Garage with Garage Door Opener. Security System Will Remain Including Cameras in Front and Rear of Home. Covered Back 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
John Glenn Elementary School Primary Regular 615 37 4
Heritage Middle School Middle Regular 1,150 64 2
East Central High School High Regular 2,943 146 3

John Glenn Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 37
4
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 1,150
  • # of teachers: 64
2
GreatSchools Rating

East Central High School

  • Education Level: High
  • # of students: 2,943
  • # of teachers: 146
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$701
Property Tax -$423
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
$4

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.

$190,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$5,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3553$1,3754$1,3755$1,445
$1,445
RENT COMPS ANALYSIS
  • 3911 Bacall Way Converse, TX 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.90
    •  
  • 8514 Torchwood Dr Converse, TX 2
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,355
    • $0.88
    •  
  • 4514 Gambels Quail Converse, TX 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2009
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 4354 Gambels Quail Converse, TX 4
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2012
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 8434 Rita Blanca St Converse, TX 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2006
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sharon Conable
1.210.724.7337
Tx Spotted Horse Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492838
Last Updated: 11/03/2020
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