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3943 Bogie Way Converse, TX 78109

3 Beds 2 Baths 1,639 sqft Built 2013

INVESTimate

$209,900

List Price

$1,440

$1,296 - $1,584

Rent Est.

$222,872  ( +6.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $128.07
  • 6 Days on Market
  • MLS # : 1478611
  • Updated Date : 08/22/2020 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,639 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

So much style to be found in this one story 3 bedroom, 2 bath Stellar built home. Open floor plan with island kitchen with room for bar stools, granite counter tops, pendant lights, Kenmore appliances, 100% wood cabinets, beautiful stone tile backsplash. Other amenities include high ceilings, ceiling fans, 8 foot doors throughout, art niches, oil rubbed bronze hardware & fixtures, tray and stacked ceilings, crown molding, ceramic tile, luxurious master suite with tile shower and cultured marble vanities. Energy efficient with radiant barrier decking, low E double pane windows. The garage is finished.

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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

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$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$774
Property Tax -$467
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$22

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.

$209,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.18%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,3754$1,3955$1,440
$1,440
RENT COMPS ANALYSIS
  • 3943 Bogie Way Converse, 5
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.88
    •  
  • 3959 Key West Way Converse, 1
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 3934 Key West Way Converse, 2
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2007
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.81
    •  
  • 4354 Gambels Quail Converse, 3
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2012
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 8654 Trona Mine Converse, 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2012
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kellie Daniels
1.210.325.0107
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478611
Last Updated: 08/22/2020
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