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8410 Whitebrush Converse, TX 78109

4 Beds 3 Baths 1,941 sqft Built 2005

$218,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

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
Masters Elementary School Primary Regular 757 45 6
Metzger Middle School Middle Regular 967 57 3
Wagner High School High Regular 2,274 138 3

Masters Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
GreatSchools Rating

Metzger Middle School

  • Education Level: Middle
  • # of students: 967
  • # of teachers: 57
3
GreatSchools Rating

Wagner High School

  • Education Level: High
  • # of students: 2,274
  • # of teachers: 138
3
GreatSchools Rating
 

$197,010$240,790$218,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$8.0k

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$63,759

INVESTMENT

$63,759

Down Payment
$54,725
Rehab Estimate
$5,750
Closing Costs
$3,284

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,725
Loan Amount $164,175
See What Happens When You Reinvest Cash Flow

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
$1,399
1$1,3992$1,4453$1,5204$1,5455$1,695
$1,695
RENT COMPS ANALYSIS
  • 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
Levi Rodgers
1.210.784.6585
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498037
Last Updated: 12/04/2020
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