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7812 Copper Hollow Converse, TX 78109

3 Beds 2 Baths 1,328 sqft Built 2005

$196,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $148.27
  • 3 Days on Market
  • MLS # : 1506930
  • Updated Date : 01/29/2021 at 19:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

Levi Rodgers Real Estate Group

Listing Agent's Description

This immaculate 3 bedroom, 2 bathroom beauty is awaiting its new owners! Step through an elegant manicured patio and into an open interior that integrates shared spaces for comfortable living and entertaining. The spacious living and dining area flows effortlessly into a kitchen featuring beautiful track lighting, and updated cabinetry. Enjoy attractive wood flooring throughout the primary bedroom and all secondary bedrooms! Step outside to the spacious back extended covered patio that overlooks a large private yard surrounded by plenty of mature trees, and the large storage shed is a plus! Conveniently located minutes away from Randolph AFB and 1604!

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
Copperfield Elementary School Primary Regular 650 42 NA
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Copperfield Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 42
NA
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
 

$177,210$216,590$196,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$684
Property Tax -$438
Property Insurance -$104
HOA -$16
Property Management Fees -$99
CASH FLOW
-$51

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.

$196,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.66%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$57,929

INVESTMENT

$57,929

Down Payment
$49,225
Rehab Estimate
$5,750
Closing Costs
$2,954

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,225
Loan Amount $147,675
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$2,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,285

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2903$1,2954$1,3495$1,395
$1,395
RENT COMPS ANALYSIS
  • 7812 Copper Hollow Converse, TX 2
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.97
    •  
  • 8318 Copperknoll Converse, TX 1
    • 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1991
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.92
    •  
  • 8203 Copper Gate Converse, TX 3
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2005
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 8302 Copperglen Converse, TX 4
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.95
    •  
  • 8206 Coppergate Converse, TX 5
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1996
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Levi Rodgers Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1506930
Last Updated: 01/29/2021
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