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INVESTimate
$195,000
List Price
$57,425
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $84.49
- 3 Days on Market
- MLS # : 1479099
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,308 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Heritage
Listing Agent's Description
This well cared two story home offers plenty of space for new owners. Home features a large living area, formal dining room, a game room, 4 bedrooms upstairs and 2.5 baths. Open concept kitchen with island, SS appliances, a breakfast nook and walk-in pantry. You will love the space on this master suite that has a bonus area that can be used as home office or sitting area. Master bath has double vanities and a large walk-in closet. Laminate floors and tile flooring. Established neighborhood is located near Randolph AFB and easy access to 1604.
SEE MORE
- 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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,480 |
EXPENSES | Loan Payment | -$719 |
Property Tax | -$435 | |
Property Insurance | -$160 | |
HOA | -$15 | |
Property Management Fees | -$99 | |
CASH FLOW
$51
|
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.
$195,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.41% |
Appreciation Year (1-5) | 4.58% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 9.02% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $48,750 |
Loan Amount | $146,250 |
4.17
YEARS SAVED
$8,406
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,483
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.210.867.5060
Keller Williams Heritage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479099
Last Updated: 08/25/2020