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422 Dolly Dr Converse, TX 78109

3 Beds 3 Baths 2,087 sqft Built 2009

$210,500

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $100.86
  • 2 Days on Market
  • MLS # : 1499407
  • Updated Date : 12/12/2020 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,087 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Premier Realty

Listing Agent's Description

Beautiful 3 bedroom 2.1 Bath, all bedrooms up, 2 living area, one down, one up, 2nd Livingroom/game room upstairs great for kids to have their own space. Flooring updated down stairs ceramic title, easy to clean, stain cabinets, Storage shed out back, with second level inside for more storage, Walk in closet every bedroom. No neighbor behind, you can see family of deer's, in pasture behind your fence. Huge Primary bedroom, bring you King size bed, and big furniture, huge walk in closet , double vanity sinks, garden tub for relaxing, finished garage great for man cave, great home for entertaining , family and friends. Close to schools, shopping, 1604, Interstate 10, Hwy 35, close RAFB . Great location. A must see.

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$189,450$231,550$210,500

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$777
Property Tax -$468
Property Insurance -$148
HOA -$57
Property Management Fees -$99
CASH FLOW
-$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$210,500

PROJECTED PRICE

$1,530

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,533

INVESTMENT

$61,533

Down Payment
$52,625
Rehab Estimate
$5,750
Closing Costs
$3,158

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$777

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,625
Loan Amount $157,875
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,5004$1,5305$1,595
$1,595
RENT COMPS ANALYSIS
  • 422 Dolly Dr Converse, TX 4
    • 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.73
    •  
  • 514 Candy Dr Converse, TX 1
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2006
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 514 Felicia Converse, TX 2
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2006
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.69
    •  
  • 622 Diana Dr Converse, TX 3
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2009
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 523 Erica Converse, TX 5
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2008
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
Dianna Garcia
1.830.461.9933
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499407
Last Updated: 12/12/2020
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