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7746 Cold Mtn Converse, TX 78109

3 Beds 2 Baths 1,449 sqft Built 2009

$204,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $141.41
  • 6 Days on Market
  • MLS # : 1504925
  • Updated Date : 01/19/2021 at 23:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,449 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Great single-story off 1604. Lots of room in the backyard for Texas summers. Close to shopping and dining. Bring your buyers by before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Barbara C. Jordan Intermediate School Primary Regular 648 40 6
Ray D. Corbett Junior High School Middle Regular 1,089 61 7
Samuel Clemens High School High Regular 2,450 130 8

Barbara C. Jordan Intermediate School

  • Education Level: Primary
  • # of students: 648
  • # of teachers: 40
6
GreatSchools Rating

Ray D. Corbett Junior High School

  • Education Level: Middle
  • # of students: 1,089
  • # of teachers: 61
7
GreatSchools Rating

Samuel Clemens High School

  • Education Level: High
  • # of students: 2,450
  • # of teachers: 130
8
GreatSchools Rating
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$712
Property Tax -$456
Property Insurance -$111
HOA -$18
Property Management Fees -$99
CASH FLOW
$44

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.

$204,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.70%

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$600k

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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$7,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,4404$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 7746 Cold Mtn Converse, TX 3
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.99
    •  
  • 10019 Red Iron Creek Converse, TX 1
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2008
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 7707 Brisbane Bend Converse, TX 2
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2010
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.02
    •  
  • 10351 Red Iron Crk Converse, TX 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 10415 Queensland Way Converse, TX 5
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2014
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jeanine Claus
1.210.566.6355
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504925
Last Updated: 01/19/2021
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