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7535 Sutters Mine Converse, TX 78109

4 Beds 2 Baths 1,912 sqft Built 1995

$265,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $138.60
  • 3 Days on Market
  • MLS # : 1514003
  • Updated Date : 03/14/2021 at 01:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Decorator touches and attention to detail can be found around every corner in this well maintained and spacious one-story home! The welcoming entry leads to an open living and dining area featuring beautiful bamboo floors and custom accent walls. Open kitchen with glass tile backsplash, granite countertops, accent lighting and stainless steel appliances. On one side of the split floorplan sits the main suite. The spacious room features bamboo floors, full bath with separate shower and garden tub, dual vanity with custom cabinetry and walk-in closet. On the other side of the home you'll find French doors leading to a flex office space or fourth bedroom. The second full bath features dual sinks and matching glass tile black splash and a tub/shower combo. The other secondary bedrooms have carpet and walk-in closets. Ceiling fans and can be found in every room. The backyard is an entertainers dream. Relax on the large covered patio, or lounge by the sparking pool with flagstone surround. End the night roasting marshmallows by the firepit. The ample corner lot also boasts a separate gated activity area and sunshades to protect from the Texas heat. This lovely home is located minutes from Randolph AFB with easy access to 1604, I35, I10, and I410. Shopping, entertainment and everything you need are close at hand.

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: Cimarron

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Cimarron

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
Crestview Elementary School Primary Regular 568 40 10
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Crestview Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 40
10
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$920
Property Tax -$590
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$236

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.

$265,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.0%
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$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3253$1,3954$1,4505$1,510
$1,510
RENT COMPS ANALYSIS
  • 7535 Sutters Mine Converse, TX 5
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.79
    •  
  • 10321 Vigilante Trail Converse, TX 1
    • 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 1982
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.72
    •  
  • 10038 Palomino Cyn Converse, TX 2
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1986
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.69
    •  
  • 10607 Coyote Hill Converse, TX 3
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1993
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 10315 Mustang Ridge Converse, TX 4
    • 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.75
    •  
PROPERTY LISTING DETAILS
Tiffany Wright
1.210.704.7562
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514003
Last Updated: 03/14/2021
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