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8110 Easy Meadow Dr Converse, TX 78109

3 Beds 2 Baths 1,496 sqft Built 1994

$174,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $116.91
  • 6 Days on Market
  • MLS # : 1492018
  • Updated Date : 10/29/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent

Era Troy, Realtors

Listing Agent's Description

Located in the back of a desirable subdivision, this cute 3-2 Garden style Home is ready for new owners. Come and see this darling move in ready jewel. It will not last long. No neighbors behind. Large open floor plan with built in book cases in Living area. Home has been well maintained and has new heavy comp roof, newer HVAC, fresh paint, new string less blinds and flooring. New toilets and many other improvements. Electric garage door opens into large parking area. There is a new slider door leading out to a quiet patio, with new vertical blind. Big kitchen is perfect for entertaining. Refrigerator is included in sale. The home has great curb appeal with pretty landscaping. Split backyard area will interest dog owners. Close to Amenities. Nice location close to Randolph, 1604, I 10. Subdivision has beautiful pool and great park, playground, and sports court. Great Area to run, walk, play and entertain.

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: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Elolf Elementary School Primary Regular 705 45 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Elolf Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 45
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$645
Property Tax -$389
Property Insurance -$113
HOA -$25
Property Management Fees -$99
CASH FLOW
$58

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.

$174,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$7,840

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,328

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2953$1,3004$1,3305$1,400
$1,400
RENT COMPS ANALYSIS
  • 8110 Easy Meadow Dr Converse, TX 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.89
    •  
  • 6854 Cape Meadow Dr Converse, TX 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1993
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
  • 6703 Highland Grass Converse, TX 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2001
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.87
    •  
  • 6875 Canary Meadow Dr Converse, TX 3
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 1994
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 8840 Staghorn Mill Converse, TX 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2006
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Vanessa Perkins
1.210.849.0886
Era Troy, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492018
Last Updated: 10/29/2020
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