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8315 Steep Valley Converse, TX 78109

4 Beds 3 Baths 1,956 sqft Built 2006

$225,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $115.03
  • 2 Days on Market
  • MLS # : 1545189
  • Updated Date : 07/13/2021 at 00:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pyramis Company

Listing Agent's Description

Are you looking for a large home with plenty of space? Come check out this 4 bedroom, 2/5 bath 2 story home with a loft with fresh paint (July 2021), new carpet upstairs (July 2021) new flooring in kitchen, granite countertops just installed in kitchen and bathrooms, new faucets, ceiling fans in owners retreat and living area ~ and this is all waiting for you! Conveniently located to Randolph AFB or SAMMC with plenty of restaurants nearby to choose from ~ come see this home soon!

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$782
Property Tax -$501
Property Insurance -$140
HOA -$13
Property Management Fees -$99
CASH FLOW
-$124

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.

$225,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.63%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,374

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,381
1$1,3812$1,4103$1,4954$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 8315 Steep Valley Converse, TX 2
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.72
    •  
  • 8323 Bent Meadow Dr Converse, TX 1
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 1993
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,381
    • $0.68
    •  
  • 6539 Beech Trail Drive Converse, TX 3
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1997
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 6659 Snow Meadow Dr Converse, TX 4
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1993
    LEASED 02/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
  • 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
Ronnah Stabenow
1.210.618.9373
Pyramis Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545189
Last Updated: 07/13/2021
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