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7403 Coers Blvd Converse, TX 78109

4 Beds 2 Baths 1,557 sqft Built 2005

$149,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $96.27
  • 5 Days on Market
  • MLS # : 1503803
  • Updated Date : 01/13/2021 at 22:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,557 sqft
  • Baths : 2 full
Listing Agent

Clark Realty & Associates,llc

Listing Agent's Description

Nice 4 bedroom 2 full bath located near Randolph AFB & Fort Sam Houston. Ceramic tile throughout living areas with carpet in the bedrooms. Please verify schools if important.

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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
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
 

$134,910$164,890$149,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$521
Property Tax -$334
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$240

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.

$149,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.87%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$22,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,316

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2953$1,3104$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 7403 Coers Blvd Converse, TX 3
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.84
    •  
  • 8806 Secluded Dr Converse, TX 1
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.87
    •  
  • 8815 Pensive Converse, TX 2
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 8706 Tarin Pt Converse, TX 4
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 8723 Seneca Crk Converse, TX 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1999
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kevin Clark
1.210.655.5355
Clark Realty & Associates,llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1503803
Last Updated: 01/13/2021
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