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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $113.49
- 2 Days on Market
- MLS # : 1500476
- Updated Date : 12/19/2020 at 17:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,520 sqft
- Baths : 2 full
Listing Agent
Realty Executives Access
Listing Agent's Description
Charming 1-story home in this highly desirable area of Converse sits nestled in the lovely neighborhood of Meadow Brook. Having a spacious and open floor plan, this 3bdrm/2bath home offers generous size rooms, a chef's delight island kitchen, large walk-in pantry and bkfst room w/window seat. Master suite w/full bath is split from secondary's. This home is perfect for the buyers who want to put their own designer touches to this popular layout. Entertaining outdoors a breeze on your own covered patio w/large yard including its own mature fruit bearing trees, a gardening area & privacy fence. Garage includes a newer window A/C unit for those who like to spend time tinkering in their garage. Great curb appeal w/mature trees. Newer roof approx. 3.5yrs old & H20 heater approx. 2yrs old. Location prime as minutes from 1604, Randolph AFB, shopping, schools and employment. A must see!
SEE MORE
- 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: Meadowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$636 |
| Property Tax | -$387 | |
| Property Insurance | -$115 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$127
|
||
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.
$172,500
PROJECTED PRICE
$1,380
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$51,463
LOAN DETAILS
$636
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $43,125 |
| Loan Amount | $129,375 |
6.08
YEARS SAVED
$13,379
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,379
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6638 Meadow Ash Dr Converse, TX 3
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,380
- $0.91
-
8223 Steep Valley Converse, TX 1
- 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2004
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,275
- $0.93
-
6481 Beech Trail Dr Converse, TX 2
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,300
- $0.86
-
8330 Pine Meadow Dr Converse, TX 4
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1992
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
6634 Beech Trail Dr Converse, TX 5
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,400
- $0.92
PROPERTY LISTING DETAILS
1.210.267.7047
Realty Executives Access
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500476
Last Updated: 12/19/2020
