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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $104.05
- 2 Days on Market
- MLS # : 1508538
- Updated Date : 02/07/2021 at 00:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,729 sqft
- Baths : 2 full
Listing Agent
Keller Williams Heritage
Listing Agent's Description
Location, Location, Location. This charming 1 story 3 Bedroom 2 Bath is perfect for a military family or starter home for someone looking for great schools. The Large and open living areas are perfect for those who love to entertain. Close to I35 and minutes away from Walmart, Brook Army Medical Center, and Downtown San Antonio. Really it's close to all your heart desires! Great Community Atmosphere with lots of amenities including Playground & Swimming Pool. Come experience the lifestyle you deserve!
SEE MORE
- The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- 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)
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 | $1,330 |
| EXPENSES | Loan Payment | -$625 |
| Property Tax | -$400 | |
| Property Insurance | -$127 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$179,900
PROJECTED PRICE
$1,330
PROJECTED RENT
0.74%
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
$53,424
LOAN DETAILS
$625
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
4.17
YEARS SAVED
$6,591
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,336
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
6823 Eden Grove Dr Converse, TX 4
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,330
- $0.77
-
6827 Cypress Mist Dr Converse, TX 1
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1992
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,249
- $0.74
-
8318 Longhorn Ridge Dr Converse, TX 2
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1992
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,275
- $0.75
-
8290 Morning Grove Converse, TX 3
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,325
- $0.78
-
8329 Morning Grv Converse, TX 5
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1995
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
PROPERTY LISTING DETAILS
1.210.617.0680
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1508538
Last Updated: 02/07/2021
