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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
$56,100
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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowbrook
* 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 | -$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
| 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
INVESTMENT
$56,100
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
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
-
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
1.210.204.9663
Texas Premier Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 1479052
Last Updated: 08/24/2020
