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4303 Roundhay Park Converse, TX 78109

4 Beds 4 Baths 2,382 sqft Built 2013

$250,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $104.95
  • 7 Days on Market
  • MLS # : 1499629
  • Updated Date : 12/14/2020 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,382 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

Built in 2013, this Converse two-story home offers a two-car garage. This home is vacant and cleaned regularly.

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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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$922
Property Tax -$556
Property Insurance -$164
HOA -$40
Property Management Fees -$99
CASH FLOW
-$42

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.

$250,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.70%

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$600k$700k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7404$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 4303 Roundhay Park Converse, TX 3
    • 4 beds 4 baths ∙ 2,382 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,382 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.73
    •  
  • 8903 Olmstead Park Converse, TX 1
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2008
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.66
    •  
  • 4202 Stanley Park Converse, TX 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2013
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 8811 Palmetto Park Converse, TX 4
    • 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2016
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 3966 Bogie Way Converse, TX 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2016
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Feras Rachid
1.214.378.3667
Opendoor Brokerage Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499629
Last Updated: 12/14/2020
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