Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8802 Secluded Dr Converse, TX 78109

4 Beds 2 Baths 1,550 sqft Built 2006

$165,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $106.45
  • 7 Days on Market
  • MLS # : 1505845
  • Updated Date : 01/31/2021 at 01:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Recently updated single story with granite counters, new lighting & plumbing fixtures, fresh paint fresh paint throughout, and newer vinyl flooring. Desirable location close to shopping, FM78, 1604, Randolph AFB, and schools.

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

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

Neighborhood: Converse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
GreatSchools Rating

Judson Middle School

  • Education Level: Middle
  • # of students: 1,015
  • # of teachers: 75
5
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$573
Property Tax -$367
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
$184

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.

$165,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$17,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,2954$1,3405$1,350
$1,350
RENT COMPS ANALYSIS
  • 8802 Secluded Dr Converse, TX 4
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.86
    •  
  • 7403 Coers Blvd Converse, TX 1
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 8806 Secluded Dr Converse, TX 2
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 2006
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.87
    •  
  • 8815 Pensive Converse, TX 3
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 6838 Saharastone Drive Converse, TX 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2001
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Greg Foster
1.210.510.9444
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505845
Last Updated: 01/31/2021
BESbswy