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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $98.29
- 3 Days on Market
- MLS # : 1496303
- Updated Date : 11/21/2020 at 01:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,105 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Military City
Listing Agent's Description
Roof replaced in summer of 2016. HVAC replaced in past 2 yrs. Large master, spacious eat-in kitchen w/stainless stove and refrigerator
SEE MORE
- 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: Northhampton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northhampton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$763 |
| Property Tax | -$460 | |
| Property Insurance | -$149 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$114
|
||
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.
$206,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,579
LOAN DETAILS
$763
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,725 |
| Loan Amount | $155,175 |
1.08
YEARS SAVED
$1,254
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,389
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
8151 Chestnut Manor Dr Converse, TX 1
- 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,380
- $0.66
-
8342 Norcrest Dr Converse, TX 2
- 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,395
- $0.64
-
8115 Grimchester Converse, TX 3
- 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1993
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.66
-
7934 Donshire Dr Converse, TX 4
- 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1995
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,450
- $0.67
-
8039 Manderly Pl Converse, TX 5
- 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1993
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,450
- $0.67
PROPERTY LISTING DETAILS
1.210.784.6585
Re/max Military City
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1496303
Last Updated: 11/21/2020
