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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $79.28
- 3 Days on Market
- MLS # : 1501790
- Updated Date : 01/01/2021 at 17:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,399 sqft
- Baths : 2 full , 1 half
Listing Agent
Jimmy Goodman Real Estate Serv
Listing Agent's Description
Extra large backyard, new flooring Family room and Kitchen, new vanities in bathroom. All bedroom upstairs.
SEE MORE
- 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: Meadowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$702 |
| Property Tax | -$423 | |
| Property Insurance | -$165 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$204
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$190,200
PROJECTED PRICE
$1,610
PROJECTED RENT
0.85%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.54% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,153
LOAN DETAILS
$702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,550 |
| Loan Amount | $142,650 |
7.25
YEARS SAVED
$20,054
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,595
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
8039 Chestnut Cedar Dr Converse, TX 3
- 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,610
- $0.67
-
8002 Chestnut Barr Dr Converse, TX 1
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.61
-
6314 Pioneer Point Dr San Antonio, TX 2
- 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2001
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,495
- $0.64
-
7919 Chestnut Bear Converse, TX 4
- 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 1997
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,645
- $0.69
-
6626 Meadow Fawn Dr Converse, TX 5
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1993
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.72
PROPERTY LISTING DETAILS
1.210.661.7747
Jimmy Goodman Real Estate Serv
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1501790
Last Updated: 01/01/2021
