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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $112.78
- 3 Days on Market
- MLS # : 1498037
- Updated Date : 12/04/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,941 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Military City
Listing Agent's Description
Welcome home to this beautiful 4 bedroom, 2.5 bathroom 2 story home with an attractive large open floor plan that offers large windows in the living room for plenty of natural lighting as well as wood vinyl flooring throughout the living, kitchen, and downstairs primary room and bath. The primary suite boasts a generous walk-in closet and stunning barn doors that lead to spacious full bath. Relax in the fully updated primary bath that features granite countertops, track lighting, and an attractive large all tile walk-in shower stall! The grand upstairs game room can easily convert into a family room, fitness area, or media room and is great for the kids! Step outside to the immense covered wood deck that overlooks the large private backyard! Perfect for entertaining family and friends! Located just minutes away from IH-10! Call us for more information!
SEE MORE
- 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)
- 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).
PRICE & RENT TRENDS
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East San Antonio
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$808 |
| Property Tax | -$487 | |
| Property Insurance | -$139 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$36
|
||
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.
$218,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.31% |
| Appreciation Year (1-5) | 6.2% |
| 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
$63,759
LOAN DETAILS
$808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,725 |
| Loan Amount | $164,175 |
2.17
YEARS SAVED
$3,665
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,509
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
8410 Whitebrush Converse, TX 3
- 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,520
- $0.78
-
8823 Trumpet Cir Converse, TX 1
- 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 2006
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,399
- $0.72
-
8411 Cherisse Dr Converse, TX 2
- 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,445
- $0.72
-
8723 Trumpet Circle Converse, TX 4
- 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 2006
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,545
- $0.80
-
8414 Snakeweed Dr Converse, TX 5
- 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
PROPERTY LISTING DETAILS
1.210.784.6585
Re/max Military City
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1498037
Last Updated: 12/04/2020
