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8203 Cantura Mills Converse, TX 78109

3 Beds 3 Baths 2,856 sqft Built 1996

$222,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $77.73
  • 4 Days on Market
  • MLS # : 1512269
  • Updated Date : 03/06/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,856 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY MONDAY 10:00AM. Immaculate 2 Story,4 Sided Brick Home awaits your buyers. Recent repairs include new paint inside, new carpet installed upstairs & Roof Replaced November 2018. Open Kitchen & Living area looks out to your landscaped backyard, with newly installed covered patio. Master Bedroom includes a separate sitting area with a renovated master bath. Close to Randolph AFB, Fort Sam Houston & Numerous Shopping Centers. HOA will be repaving streets throughout the Neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$199,800$244,200$222,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$771
Property Tax -$494
Property Insurance -$192
HOA -$25
Property Management Fees -$99
CASH FLOW
-$31

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.

$222,000

PROJECTED PRICE

$1,550

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$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,580

INVESTMENT

$64,580

Down Payment
$55,500
Rehab Estimate
$5,750
Closing Costs
$3,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,500
Loan Amount $166,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.54

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 8203 Cantura Mills Converse, TX 3
    • 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.54
    •  
  • 8327 Northaven Dr Converse, TX 1
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2001
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.53
    •  
  • 7403 Hartcrest Pl Converse, TX 2
    • 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 2001
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.53
    •  
  • 8039 Brisbane Converse, TX 4
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 1992
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.59
    •  
  • 7915 Donshire Dr Converse, TX 5
    • 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,856 Sqft ∙ Built 1995
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.56
    •  
PROPERTY LISTING DETAILS
Monica Felan
1.210.315.4505
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512269
Last Updated: 03/06/2021
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