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6622 Foster Fields Converse, TX 78109

5 Beds 3 Baths 2,655 sqft Built 2012

$244,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $92.09
  • 3 Days on Market
  • MLS # : 1500270
  • Updated Date : 12/18/2020 at 12:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,655 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Home for the holidays. This 5 bedroom 3 bath home is awaiting YOU! Separate dining room with OPEN kitchen featuring granite, lots of countertops and cabinets. Master bedroom upstairs, allows in plenty of natural lighting. Master bath includes dual sinks, separate shower and LARGE walk in closet. Additional bedrooms upstairs with FULL bath. Game room includes a doorway to the upstairs patio. Large fenced backyard allows for plenty of outdoor fun. This home also includes a separate bedroom and bathroom downstairs! Home has only had ONE owner! Neighborhood features playground and basketball court. This area offers an easy commute to Fort Sam/Joint Base San Antonio, Randolph or Lackland. Easy access to I10. Plenty of Shopping and Restaurants. Stop by 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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$220,050$268,950$244,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$902
Property Tax -$544
Property Insurance -$180
HOA -$29
Property Management Fees -$99
CASH FLOW
$25

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.

$244,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.73%

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$10k

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$70,543

INVESTMENT

$70,543

Down Payment
$61,125
Rehab Estimate
$5,750
Closing Costs
$3,668

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$902

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,125
Loan Amount $183,375
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7253$1,7804$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 6622 Foster Fields Converse, TX 3
    • 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,655 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.67
    •  
  • 3510 Penta Fields Converse, TX 1
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.61
    •  
  • 3318 Dunlap Fields Converse, TX 2
    • 5 beds 2 baths ∙ 2,598 Sqft ∙ Built 2010 5 beds 2 baths ∙ 2,598 Sqft ∙ Built 2010
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.66
    •  
  • 6610 Foster Fields Converse, TX 4
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2012
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 6706 Foster Fields Converse, TX 5
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2012
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Jennifer Ward
1.210.556.7090
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500270
Last Updated: 12/18/2020
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