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8247 Brisbane Converse, TX 78109

4 Beds 3 Baths 2,334 sqft Built 1994

$219,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $94.22
  • 2 Days on Market
  • MLS # : 1492666
  • Updated Date : 11/02/2020 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,334 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era Colonial Real Estate

Listing Agent's Description

Energy efficient solar panel 2 story home w/ great backyard w/ outdoor kitchen 2 grills & bar area, mature trees including fruit trees, raised garden beds. Interior has corner fireplace, wood laminate floors downstairs, window blinds, Hunter ceiling fans, Master bath updated, Master bedroom w/ Sony Wall TV, sun screened windows, bedrooms w/ walk in closets. Trane a/c, tons of storage in & out including 2 large sheds. Out building for storage or man cave, garage has cabinets and shelving. Make this your dream home & delight in entertaining friends and family at this unique home!!

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: 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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$811
Property Tax -$489
Property Insurance -$162
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.

$219,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.67%

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

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,4954$1,5305$1,600
$1,600
RENT COMPS ANALYSIS
  • 8247 Brisbane Converse, TX 2
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.63
    •  
  • 7318 Caddington Dr Converse, TX 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2001
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.58
    •  
  • 8114 Cantura Mills San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1996
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.62
    •  
  • 8026 Robbins Glade San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1996
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.66
    •  
  • 7427 Northallerton Converse, TX 5
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2000
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
PROPERTY LISTING DETAILS
Robert Mabry
1.210.325.7651
Era Colonial Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492666
Last Updated: 11/02/2020
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