Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8002 Talkenhorn Converse, TX 78109

3 Beds 2 Baths 1,784 sqft Built 1992

$195,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $109.30
  • 3 Days on Market
  • MLS # : 1509584
  • Updated Date : 02/13/2021 at 16:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,784 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

This is a Beautiful One-Story Home With Stunning 4-Sided Red Masonry Brick, Gorgeous Florida Room that can be used as a Playroom, Wet-Bar, or Indoor Patio for those Hot Texas Days. The Backyard has been Landscaped with a fresh look of St. Augustine Grass that compliments the Outside Covered Patio, Firepit, Shed with Access to the Alley which backs-up to the Greenbelt. This Gem has been Freshly Painted, New Carpeting in All Bedrooms, New Garage Door Opener, New Ceiling Fan in Living Room, Walk-In Shower in Master Bath, Amazing Kitchen with Island Beautiful Counter-Tops and Walk-in Pantry/Utility Room. Roof Replaced Approx. 4 Years Ago. Wonderful Community Pool and Park . This Home is Conveniently Located Near Both Randolph Airforce Base and Ft. Sam Houston, Judson High School, Converse City Park, Walmart, HEB and Several Fast Food Restaurants.

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: Northhampton

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $90k205k

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

Neighborhood: Northhampton

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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$677
Property Tax -$434
Property Insurance -$130
HOA -$23
Property Management Fees -$99
CASH FLOW
-$3

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.

$195,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.5%
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$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$3,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 8002 Talkenhorn Converse, TX 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.76
    •  
  • 8235 Grimchester Converse, TX 1
    • 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
    •  
  • 8027 Donshire Dr Converse, TX 3
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1988
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 8007 Brisbane Converse, TX 4
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1992
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 8050 Swindow Cir Converse, TX 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1992
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Antonio Ramirez
1.210.557.7546
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509584
Last Updated: 02/13/2021
BESbswy