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8419 Blackstone Cove Converse, TX 78109

3 Beds 2 Baths 1,754 sqft Built 2010

$205,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $116.88
  • 2 Days on Market
  • MLS # : 1508518
  • Updated Date : 02/06/2021 at 22:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,754 sqft
  • Baths : 2 full
Listing Agent

Marshall Reddick Real Estate

Listing Agent's Description

Are you Ready to Find That Perfect home, well look no farther. This Charming 3/2 has Everything you could be looking for. Starting with Dual living rooms, open kitchen, with a big dining room for all the large family gathering. The floors, paint , and roof have all been recently renovated.

SEE MORE

MARKET HIGHLIGHTS

  • 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).
  • 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)

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
 

$184,500$225,500$205,000

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 -$712
Property Tax -$456
Property Insurance -$128
HOA -$22
Property Management Fees -$99
CASH FLOW
-$8

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.

$205,000

PROJECTED PRICE

$1,410

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,479

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
  • $0.8

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4994$1,5005$1,625
$1,625
RENT COMPS ANALYSIS
  • 8419 Blackstone Cove Converse, TX 1
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.80
    •  
  • 8627 Trona Mine Converse, TX 2
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2012
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 4922 Everett Loop Converse, TX 3
    • 4 beds 3 baths ∙ 1,675 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,675 Sqft ∙ Built 2018
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.89
    •  
  • 8538 Terlingua Cove Converse, TX 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 5014 Everett Loop Converse, TX 5
    • 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2018
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.85
    •  
PROPERTY LISTING DETAILS
Eric Bell
1.210.509.4911
Marshall Reddick Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508518
Last Updated: 02/06/2021
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