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3946 Bogie Way Converse, TX 78109

3 Beds 2 Baths 1,346 sqft Built 2014

$186,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $138.19
  • 2 Days on Market
  • MLS # : 1492707
  • Updated Date : 11/02/2020 at 17:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,346 sqft
  • Baths : 2 full
Listing Agent

Aterj Realty

Listing Agent's Description

The Stellar Home is well designed to please your stylist flair. Build in 2014 and well maintained. Beautifully designed and layout. Island in the kitchen and the refrigerator and the washer and dryer are negotiable. Two extra long bedrooms. Master bedroom features reset light in ceiling and walk in shower and many more. Nice covered patio with nice size yard with a concrete wall for privacy. This house is a must see. Schedule a showing today!

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
 

$167,400$204,600$186,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$686
Property Tax -$414
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
-$14

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.

$186,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,040

INVESTMENT

$55,040

Down Payment
$46,500
Rehab Estimate
$5,750
Closing Costs
$2,790

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,500
Loan Amount $139,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3753$1,3754$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 3946 Bogie Way Converse, TX 1
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.96
    •  
  • 4514 Gambels Quail Converse, TX 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2009
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 4354 Gambels Quail Converse, TX 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
    •  
  • 3814 Bogie Way Converse, TX 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2013
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 8514 Whitebrush Converse, TX 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
PROPERTY LISTING DETAILS
Teri Lucas
1.210.834.6877
Aterj Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492707
Last Updated: 11/02/2020
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