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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $120.48
- 4 Days on Market
- MLS # : 1500993
- Updated Date : 12/24/2020 at 06:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,826 sqft
- Baths : 2 full
Listing Agent
Re/max North-san Antonio
Listing Agent's Description
Magnificent and well maintained 1-story home! Inside you will find new ceramic tile flooring, an open floor plan, large living room with wood burning fireplace, separate dining room, kitchen complete with new sink and faucet, walk-in pantry plus a breakfast nook and a separate utility room. Home also boasts cozy secondary bedrooms, fresh paint inside and out, a large master suite with a walk-in closet, master bath has double vanity plus a separate garden tub/shower. Walk out onto the covered patio to shade you from the Texas sun. There is also an extended slab great for whatever you would like to do. Convenient to Randolph AFB, 1604, Alamo Community College and the Forum Shopping Center. Don't miss your opportunity to see this beautiful home 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$490 | |
| Property Insurance | -$132 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$30
|
||
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.
$220,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
2.5
YEARS SAVED
$4,581
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 -
$0.83
LIST RENT PER SQFT
-
$1,584
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
8910 Appaloosa Pass Converse, TX 1
- 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,520
- $0.83
-
8611 Lantana Spgs Converse, TX 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2013
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
9030 Sahara Woods Universal City, TX 3
- 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2003
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.82
-
8815 Arabian King Converse, TX 4
- 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
8803 Appaloosa Pass Converse, TX 5
- 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2013
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
PROPERTY LISTING DETAILS
1.210.643.6954
Re/max North-san Antonio
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1500993
Last Updated: 12/24/2020
