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9839 Wagon Train Converse, TX 78109

3 Beds 2 Baths 1,233 sqft Built 1986

$185,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $150.04
  • 3 Days on Market
  • MLS # : 1493652
  • Updated Date : 11/06/2020 at 17:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

A beautiful and meticulously cared for home with many updates and upgrades and no neighbors in back! A wonderfully landscaped entryway leads into a light and bright home with high ceilings and an open floor plan! The spacious living room leads into a large dining area with bay windows and sliding glass doors that open out to a back patio with a view of the park! Spacious kitchen includes beautiful granite countertops! The big master bedroom includes a ceiling fan and a master bath with double vanity and granite countertops! The secondary bath also features granite countertops! Inside and outside AC units replaced in 2019! Large backyard! Walking distance to the park! A must see home!

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: Cimarron

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Cimarron

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
Crestview Elementary School Primary Regular 568 40 10
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Crestview Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 40
10
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$683
Property Tax -$412
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
-$131

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.

$185,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k

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$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,156

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1603$1,2004$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 9839 Wagon Train Converse, TX 2
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.94
    •  
  • 720 Meadow Burst Dr Converse, TX 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1986
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.99
    •  
  • 8046 Pioneer Oak Converse, TX 3
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1982
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 10607 Cross Plains Converse, TX 4
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1978
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 9830 Wagon Train San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,362 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,362 Sqft ∙ Built 1986
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
PROPERTY LISTING DETAILS
Andrew Tolan
1.210.275.8605
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493652
Last Updated: 11/06/2020
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