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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $87.99
- 2 Days on Market
- MLS # : 1512754
- Updated Date : 03/06/2021 at 18:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,340 sqft
- Baths : 2 full , 1 half
Listing Agent
Levi Rodgers Real Estate Group
Listing Agent's Description
This move-in-ready 4 bedroom, 2.5 bathroom corner-lot beauty features a freshly painted interior and brand new carpeting. Upon entering, one will immediately notice an open functional floor plan that encompasses a spacious living room. The adjacent dining area and the kitchen are outfitted with updated vinyl flooring, professional-grade appliances, and ample cabinet space. Sliding glass doors point the way to a private fenced backyard, where furry friends can enjoy outdoor play. Upstairs you will find a sizable loft, perfect for an additional living space. The secluded primary bedroom enjoys a deep walk-in closet and an en-suite bathroom. This home also includes an oversized 2 car garage with ample storage space. Enjoy easy access to 1604, Randolph AFB, Fort Sam, downtown, and more.
SEE MORE
- 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: 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 | $1,460 |
| EXPENSES | Loan Payment | -$715 |
| Property Tax | -$458 | |
| Property Insurance | -$162 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$205,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.71%
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
$60,314
LOAN DETAILS
$715
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,475 |
| Loan Amount | $154,425 |
2.58
YEARS SAVED
$4,182
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,533
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
8203 Maple Meadow Dr Converse, TX 4
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,460
- $0.62
-
7927 Chestnut Barr Dr Converse, TX 1
- 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1996
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,375
- $0.64
-
8338 Pine Meadow Dr Converse, TX 2
- 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 1992
LEASED 03/05/21- Rent
- Rent Per SQFT
- $1,395
- $0.64
-
8314 Steep Valley Converse, TX 3
- 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2005
LEASED 01/26/21- Rent
- Rent Per SQFT
- $1,450
- $0.63
-
6635 Meadow Fawn Dr Converse, TX 5
- 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,525
- $0.71
PROPERTY LISTING DETAILS
1.210.784.6585
Levi Rodgers Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1512754
Last Updated: 03/06/2021
