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8155 Bent Meadow Dr Converse, TX 78109

4 Beds 3 Baths 2,181 sqft Built 1993

$230,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $105.46
  • 2 Days on Market
  • MLS # : 1545109
  • Updated Date : 07/12/2021 at 19:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,181 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homecorp Property Mgmt & Re

Listing Agent's Description

Amazing single story 4 bed, 2.5 bath, 2 large open living area, 2 dinning area home. Just Remodel with brand new stainless steel Flat electric Stove, Disc Washer, Hood (These 3 will be installed soon from Home depot). Laminate floor, new painting, new fence, power wash of outside front home. 5" from Walmart. Great for rental as well!

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$799
Property Tax -$512
Property Insurance -$153
HOA -$15
Property Management Fees -$99
CASH FLOW
-$47

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.

$230,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.67%

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$700k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5254$1,5305$1,650
$1,650
RENT COMPS ANALYSIS
  • 8155 Bent Meadow Dr Converse, TX 4
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.70
    •  
  • 8314 Steep Valley Converse, TX 1
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2005
    property image
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 6659 Snow Meadow Dr Converse, TX 2
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1993
    property image
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
  • 6635 Meadow Fawn Dr Converse, TX 3
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.71
    •  
  • 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
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
PROPERTY LISTING DETAILS
Tri Ngo
1.210.910.8000
Homecorp Property Mgmt & Re
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545109
Last Updated: 07/12/2021
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