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9827 Autumn Valley Converse, TX 78109

3 Beds 2 Baths 1,345 sqft Built 2001

$175,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $130.11
  • 3 Days on Market
  • MLS # : 1508199
  • Updated Date : 02/05/2021 at 23:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,345 sqft
  • Baths : 2 full
Listing Agent

Kimberly Howell Properties

Listing Agent's Description

Don't miss this gem of a home. New roof in 2021. Flooring is recently update with wood look tile. Fresh paint in 2021, plus updated bathrooms. Master bedroom has a large walk-in closet. Laundry room inside. Spacious 2 car garage. Easy access to Randolph AFB, the Forum, I-35 and 1604. Hurry!

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: 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
Copperfield Elementary School Primary Regular 650 42 NA
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Copperfield Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 42
NA
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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$608
Property Tax -$389
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$179

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.

$175,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.79%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$17,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,379

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3504$1,3805$1,397
$1,397
RENT COMPS ANALYSIS
  • 9827 Autumn Valley Converse, TX 4
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.03
    •  
  • 6927 Autumn View Converse, TX 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2004
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 9735 Autumn Arch Converse, TX 2
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 2000
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.05
    •  
  • 9831 Autumn Valley Converse, TX 3
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1994
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
  • 9734 Autumn Arch Converse, TX 5
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2000
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,397
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kimberly Howell
1.210.861.0188
Kimberly Howell Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508199
Last Updated: 02/05/2021
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