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7415 Coers Blvd Converse, TX 78109

3 Beds 3 Baths 1,758 sqft Built 2004

$169,950

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $96.67
  • 5 Days on Market
  • MLS # : 1512119
  • Updated Date : 03/04/2021 at 06:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mitchell Realty

Listing Agent's Description

GREAT FAMILY HOME IN CONVERSE NEAR SHOPPING AND SCHOOLS JUST OFF 78, WITH SHORT DRIVE TO 1604 AND I-10. HUGE BACKYARD WITH MATURE TREES. GAME ROOM COULD BE USED AS FOUTH BEDROOM AS IT HAS A CLOSET

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$152,955$186,945$169,950

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$590
Property Tax -$378
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$64

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.

$169,950

PROJECTED PRICE

$1,260

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$50,787

INVESTMENT

$50,787

Down Payment
$42,488
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,488
Loan Amount $127,463
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$7,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3503$1,3504$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 7415 Coers Blvd Converse, TX 1
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.72
    •  
  • 8235 Grimchester Converse, TX 2
    • 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 1993
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 7042 Cole Creek Dr Converse, TX 3
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 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
Daniel Quesada
1.210.990.2265
Mitchell Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512119
Last Updated: 03/04/2021
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