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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $113.80
- 2 Days on Market
- MLS # : 1498301
- Updated Date : 12/05/2020 at 21:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,109 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Penfed Realty
Listing Agent's Description
LOCATION, LOCATION, LOCATION!! This home is located in the wonderful community of Cimarron Landing in Converse, TX. Next to Loop 1604, Universal City, and Alamo College. Convenient to Randolph AFB, Forum shopping center, and quick access to I-35 intersection. 2 story, 3bed, 2.5bath, dinning area, and separate breakfast area. Nice ceramic tiles and newer carpet that has been professionally clean and disinfected 12/04/20. Open floorplan, 9ft ceilings, good size family room upstairs, fully landscaped yard, privacy fence, energy star appliances, and beautiful covert patio. Rounded corners design and plenty of rich architectural features throughout. Call today for your private tour!!
SEE MORE
- 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)
- 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).
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 | $1,680 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$534 | |
| Property Insurance | -$149 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$5
|
||
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
$1,680
PROJECTED RENT
0.70%
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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
2.83
YEARS SAVED
$6,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,687
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
9906 Trotter Tim Converse, TX 5
- 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.80
-
9030 Sahara Woods Universal City, TX 1
- 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2003
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.82
-
9607 Harbor Mist Ln Converse, TX 2
- 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2017
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,625
- $0.78
-
8815 Arabian King Converse, TX 3
- 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014
![property image]()
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
9014 Appaloosa Pass Converse, TX 4
- 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,160 Sqft ∙ Built 2007
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
PROPERTY LISTING DETAILS
1.210.999.9716
Bhhs Penfed Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1498301
Last Updated: 12/05/2020
