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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $125.09
- 17 Days on Market
- MLS # : 1500355
- Updated Date : 12/30/2020 at 21:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,718 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
VIRTUAL TOUR MUST BE VIEWED PRIOR TO SCHEDULING A SHOWING! This beautiful 4 bedroom 2 bathroom home comforts you with an open floor plan with beautiful outdoor living. With mature trees and a landscaped yard, this Pristine and Beautiful Condition provides all the TLC a home can provide! Included is a large kitchen island, walk-in pantry, large walk-in closet, with dual vanity in master bath, and spacious living! You won't want to miss out on this great deal!! Home is located near JBSA-Randolph & Fort Sam Houston Military bases. Also 15 minutes away from Downtown, the Zoo, and other San Antonio Entertainment. VIEW THE VIRTUAL TOUR NOW: https://listings.mediatrends360.com/v2/6727-slaton-fields-converse-tx-78109-us-584143/branded
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: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$478 | |
| Property Insurance | -$126 | |
| 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.
$214,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,699
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
2.33
YEARS SAVED
$4,018
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,473
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6727 Slaton Fields Converse, TX 3
- 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,500
- $0.87
-
6646 Hartnet Fields Converse, TX 1
- 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,561 Sqft ∙ Built 2008
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
3103 Saturn Path San Antonio, TX 2
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2019
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
6427 Candleoak Circle San Antonio, TX 4
- 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2013
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,506
- $0.82
-
6502 Candlearch Cir San Antonio, TX 5
- 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2014
![property image]()
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
PROPERTY LISTING DETAILS
1.805.248.6862
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500355
Last Updated: 12/30/2020
