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9810 Shetland Pass Converse, TX 78109

5 Beds 3 Baths 2,492 sqft Built 2010

$240,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $96.31
  • 6 Days on Market
  • MLS # : 1496687
  • Updated Date : 11/24/2020 at 13:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,492 sqft
  • Baths : 3 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

Welcome home! This home features 5 bedrooms and 3 FULL baths in just under 2500 square feet. Downstairs, enjoy the open floorplan that creates a seamless flow between the kitchen, dining room and living room. If you work from home, the study provides the privacy you need to get stuff done. There also a secondary bedroom down with a full bath for your overnight guests; which is separate from the other bedrooms upstairs. Your owners suite is located upstairs and your spa like bathroom features a HUGE closet, dual vanities and a separate tub & shower. This is the perfect house for entertaining, with a flagstone patio and outside living space that backs to a greenbelt. If you prefer entertaining inside, the upstairs game room is large enough for a pool table, 85" 4k TV or anything else you can imagine. Finally in the garage, you have plenty of storage in racks on the ceiling so that you can fit both of your cars! So much room, so little time, so set up your showing today!

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
Salinas Elementary School Primary Regular 624 40 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Salinas Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 40
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$886
Property Tax -$534
Property Insurance -$171
HOA -$17
Property Management Fees -$99
CASH FLOW
$44

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.

$240,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.73%

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 9810 Shetland Pass Converse, TX 4
    • 5 beds 3 baths ∙ 2,492 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,492 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 9007 Sahara Woods Universal City, TX 1
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2003
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.67
    •  
  • 8918 Arabian King Converse, TX 2
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2006
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 8711 Guilford Cove Universal City, TX 3
    • 5 beds 4 baths ∙ 2,624 Sqft ∙ Built 2010 5 beds 4 baths ∙ 2,624 Sqft ∙ Built 2010
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 9010 Prized Pony Converse, TX 5
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2007
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
PROPERTY LISTING DETAILS
Brian Paris
1.210.445.8963
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496687
Last Updated: 11/24/2020
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