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6727 Slaton Fields Converse, TX 78109

4 Beds 2 Baths 1,718 sqft Built 2015

$214,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

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

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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
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
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

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

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

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

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
$1,350
1$1,3502$1,4503$1,5004$1,5065$1,595
$1,595
RENT COMPS ANALYSIS
  • 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
Angelica Babins
1.805.248.6862
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1500355
Last Updated: 12/30/2020
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