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8315 Copperknoll Converse, TX 78109

3 Beds 2 Baths 1,696 sqft Built 1995

$180,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $106.13
  • 4 Days on Market
  • MLS # : 1512201
  • Updated Date : 03/05/2021 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full
Listing Agent

Savior Properties

Listing Agent's Description

Amazing opportunity in established Copperfield Subdivision. Beautifully open with high ceiling, Dining area with soft skylight. Spacious kitchen with granite counter tops and tiled backsplash. Large Master bathroom with walk in closet. Double vanities and roomy garden/soaking tub. Close to 1604, The Forum shopping center, Judson Hight School, and Dinning.

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Converse

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
Copperfield Elementary School Primary Regular 650 42 NA
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Copperfield Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 42
NA
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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$625
Property Tax -$403
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$248

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.

$180,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$23,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,4504$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 8315 Copperknoll Converse, TX 4
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 8326 Copperglen Converse, TX 1
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 8302 Coppergate Converse, TX 2
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 8322 Copperside Converse, TX 3
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1996
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 8407 Copper Stone Converse, TX 5
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1999
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
PROPERTY LISTING DETAILS
Sonya Cantu
1.210.872.7551
Savior Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512201
Last Updated: 03/05/2021
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