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7914 Chestnut Barr Dr Converse, TX 78109

3 Beds 3 Baths 2,144 sqft Built 1996

INVESTimate

$190,000

List Price

$1,480

$1,332 - $1,628

Rent Est.

$204,744  ( +7.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $88.62
  • 3 Days on Market
  • MLS # : 1479052
  • Updated Date : 08/24/2020 at 21:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Premier Realty

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: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Meadowbrook

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
Elolf Elementary School Primary Regular 705 45 5
Woodlake Hills Middle School Middle Regular 956 60 4
Judson High School High Regular 3,628 204 3

Elolf Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 45
5
GreatSchools Rating

Woodlake Hills Middle School

  • Education Level: Middle
  • # of students: 956
  • # of teachers: 60
4
GreatSchools Rating

Judson High School

  • Education Level: High
  • # of students: 3,628
  • # of teachers: 204
3
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$701
Property Tax -$423
Property Insurance -$151
HOA -$15
Property Management Fees -$99
CASH FLOW
$92

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.

$190,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 7.76%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,418

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
  • $0.69

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4453$1,4804$1,5255$1,545
$1,545
RENT COMPS ANALYSIS
  • 7914 Chestnut Barr Dr Converse, 3
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.69
    •  
  • 6570 Beech Trail Dr Converse, 1
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.65
    •  
  • 7903 Chestnut Barr Dr Converse, 2
    • 3 beds 3 baths ∙ 2,138 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,138 Sqft ∙ Built 1997
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.68
    •  
  • 6635 Meadow Fawn Dr Converse, 4
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1996
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.71
    •  
  • 6303 Beech Trail Dr Converse, 5
    • 3 beds 2 baths ∙ 2,187 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,187 Sqft ∙ Built 1997
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.71
    •  
PROPERTY LISTING DETAILS
Marc Dominguez
1.210.204.9663
Texas Premier Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1479052
Last Updated: 08/24/2020
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