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718 Dana Dr Converse, TX 78109

3 Beds 2 Baths 1,350 sqft Built 1978

$167,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $123.70
  • 4 Days on Market
  • MLS # : 1493297
  • Updated Date : 11/05/2020 at 14:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Stunning one story home in Converse! The front yard offers LIMITED yard maintenance with ZERO grass! This amazing 3 bedroom, 2 bath home, has everything you could want! PLUS an office. Living room offers open space, faux wood flooring and great natural lighting. Kitchen includes an abundance of cabinets, granite countertops and stainless steel appliances. Backyard includes an extended tile patio, with covered patio, landscaping and a good sized backyard for play and enjoyment (horseshoe set can be included). Great quiet NE neighborhood, close to Randolph, shopping, downtown San Antonio and New Braunfels. A must see! Move in ready today!

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Miller's Point Elementary School Primary Regular 612 44 5
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Miller's Point Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 44
5
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$150,300$183,700$167,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$616
Property Tax -$372
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$48

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$167,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,005

INVESTMENT

$50,005

Down Payment
$41,750
Rehab Estimate
$5,750
Closing Costs
$2,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,750
Loan Amount $125,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$8,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2404$1,2455$1,250
$1,250
RENT COMPS ANALYSIS
  • 718 Dana Dr Converse, TX 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.92
    •  
  • 707 Meadow Gate Converse, TX 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1984
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.97
    •  
  • 806 Meadow Stone Converse, TX 2
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1986
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
  • 823 Meadow Stone Converse, TX 4
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1994
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.97
    •  
  • 620 Meadow Burst Converse, TX 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1986
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jennifer Ward
1.210.556.7090
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493297
Last Updated: 11/05/2020
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