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9906 Trotter Tim Converse, TX 78109

3 Beds 3 Baths 2,109 sqft Built 2015

$240,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

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

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-$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

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
$1,600
1$1,6002$1,6253$1,6504$1,6505$1,680
$1,680
RENT COMPS ANALYSIS
  • 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
Reyna Ramirez
1.210.999.9716
Bhhs Penfed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498301
Last Updated: 12/05/2020
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