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8531 Lone Shadow Trail 
Converse, TX
78109
4 Beds 2 Baths 1,700 sqft
Built 2004
INVESTimate
$204,900
List Price
$60,049
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $120.53
- 2 Days on Market
- MLS # : 1479155
- Updated Date : 08/25/2020 at 16:23
CONSTRUCTION
- Beds : 4
- Floor Size : 1,700 sqft
- Baths : 2 full
Listing Agent
5 Star Real Estate
Listing Agent's Description
Well maintained, nice 1 story home, 4 bed, 2 bath in great area, large lot with nice deck in back, backs to greenbelt new fencing, new Veterans HS, close to major highways, close to schools, shopping, etc, come on buy today!!!
SEE MORE
- 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: Converse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Converse
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$456 | |
| Property Insurance | -$125 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$14
|
||
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.
$204,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.41% |
| Appreciation Year (1-5) | 4.58% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 9.02% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,049
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,225 |
| Loan Amount | $153,675 |
3.33
YEARS SAVED
$6,710
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,471
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
8531 Lone Shadow Trail Converse, 2
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,460
- $0.86
-
10103 Colt Crossing Converse, 1
- 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
8907 Walnut Springs Universal City, 3
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2006
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,495
- $0.82
-
8806 Appaloosa Pass Converse, 4
- 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,555 Sqft ∙ Built 2020
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,500
- $0.96
-
10502 Century Farm Dr Converse, 5
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2017
LEASED 10/21/19- Rent
- Rent Per SQFT
- $1,550
- $0.91
PROPERTY LISTING DETAILS
1.210.825.5829
5 Star Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479155
Last Updated: 08/25/2020
