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9950 Hawk Village Converse, TX 78109

3 Beds 2 Baths 1,379 sqft Built 2011

$205,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $148.66
  • 3 Days on Market
  • MLS # : 1505627
  • Updated Date : 01/23/2021 at 02:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,379 sqft
  • Baths : 2 full
Listing Agent

Skye Brokerage

Listing Agent's Description

Home has been well maintained. 3 bedrooms, 2 baths, 2 car garage. Home backs-up to a green belt. Home comes with the following appliances, Washer, Dryer, Range, Dishwasher, Microwave. Two working exterior cameras come with home as well. This is a great home in a small neighborhood. Come see it today.

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: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* 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
Miller's Point Elementary School Primary Regular 612 44 5
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Miller's Point Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 44
5
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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$712
Property Tax -$456
Property Insurance -$107
HOA -$20
Property Management Fees -$99
CASH FLOW
-$104

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$205,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
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

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,285
1$1,2852$1,2903$1,3754$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 9950 Hawk Village Converse, TX 2
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.94
    •  
  • 6719 Barton Rock Ln San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1996
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.93
    •  
  • 6714 Barton Rock Ln San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.92
    •  
  • 6738 Badger Pass Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1997
    property image
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 9543 Sandy Ridge Way San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2018
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
PROPERTY LISTING DETAILS
Gary Obaya
1.210.383.2682
Skye Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505627
Last Updated: 01/23/2021
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