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7176 Quarter Moon Converse, TX 78109

3 Beds 2 Baths 1,234 sqft Built 2019

$199,975

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $162.05
  • 2 Days on Market
  • MLS # : 1507084
  • Updated Date : 01/30/2021 at 13:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Say whaaaattt ??!! Modern Farmhouse meets Vintage Chic with airy color pallets and clean lines. If you love the Joanna Gaines style, YOU JUST FOUND IT !!! This drop dead gorgeous, SUPER AFFORDABLE, almost brand-new home BACKS UP TO A GREENBELT and should be on the cover of a magazine. I promise you this BEAUTY will make your family and friends jealous when they come to visit. Starting with the GLAMEROUS kitchen with Stainless Steel appliances and tons of counter and cabinet space that leads into the bright and open family room. The HUGE master bedroom will be perfect for your king size bed and the master bathroom has just the perfect size & yes of course there is a walk-in closet as well. Did I mention the spacious secondary bedrooms and the VERY PRIVATE, OVERSIZED back yard which is perfect for entertaining. WOW !!! UNBELIEVABLE !!! #IFYOUSNOOZEYOULOSE

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
 

$179,978$219,973$199,975

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$695
Property Tax -$445
Property Insurance -$98
HOA -$32
Property Management Fees -$99
CASH FLOW
-$99

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.

$199,975

PROJECTED PRICE

$1,270

PROJECTED RENT

0.64%

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

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$58,743

INVESTMENT

$58,743

Down Payment
$49,994
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,994
Loan Amount $149,981
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,268

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2703$1,3004$1,3255$1,325
$1,325
RENT COMPS ANALYSIS
  • 7176 Quarter Moon Converse, TX 2
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.03
    •  
  • 4014 Sparrow Lk San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 2001
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.01
    •  
  • 2746 Point Sur Converse, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 6926 Opal Cliffs Converse, TX 4
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.04
    •  
  • 2710 Point Sur Converse, TX 5
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 2008
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.04
    •  
PROPERTY LISTING DETAILS
Carmen Bean
1.830.391.3967
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1507084
Last Updated: 01/30/2021
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