Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8010 Chestnut Bluff Dr Converse, TX 78109

3 Beds 2 Baths 1,520 sqft Built 1997

$179,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

$53,185

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+7.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.8%
Cash Flow	-$708
Value Increase	$14,337

10 YEAR

Cash On Cash	-5.3%
Total Return	10.1%

PROPERTY INFO

November 18, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1997
Price/Sqft : $117.76
5 Days on Market
MLS # : 1495674
Updated Date : 11/20/2020 at 16:02

CONSTRUCTION

Beds : 3
Floor Size : 1,520 sqft
Baths : 2 full

Listing Agent

Keller Williams New Braunfels

Listing Agent's Description

This charming home is ready for you to make your own! Situated in an established neighborhood, amongst towering trees and well-maintained homes. Offering plenty of natural light, this newly updated residence features an open floor plan and is perfect for entertaining! Enjoy hosting bar-b-ques or sipping coffee and relaxing on your back deck. Conveniently located near Randolph Air Force Base and Ft Sam Houston Military Base, shopping centers, and downtown San Antonio.

8010 Chestnut Bluff Dr

Converse, Texas

View on Google Maps

Custom Imagery

-

-

This image is no longer available

Rotate the view

Map Data© 2020 Google
Terms of Use
Report a problem
© 2020 Google
Map Data
© 2020 Google

Street View

1 of 23 X

MARKET HIGHLIGHTS

San Antonio Market Report

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)

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

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

GreatSchools Rating

Woodlake Hills Middle School

Education Level: Middle
# of students: 956
# of teachers: 60

GreatSchools Rating

Judson High School

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

GreatSchools Rating

FINANCIALS

Learn how to read this

$161,100$196,90000$179,000

PURCHASE PRICE

$1,107$1,35300$1,230

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

Toggle to see the acquisition concierge fee. LEARN MORE

PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,230
EXPENSES	Loan Payment	-$660
	Property Tax	-$398
	Property Insurance	-$115
	HOA	-$17
	Property Management Fees	-$99



CASH FLOW -$59

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.

$179,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.31%
Appreciation Year (1-5)	7.8%
Maintenance Year (1-5)	8.00%
Vacancy	9.54%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$53,185

Down Payment	$44,750
Rehab Estimate	$5,750
Closing Costs	$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$44,750
Loan Amount	$134,250

See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,230
LIST RENT
$0.81
LIST RENT PER SQFT

$1,231
COMP ESTIMATED VALUE
$0.81
COMP AVG. RENT PER SQFT

Comps Range

$1,195

1$1,1952$1,2003$1,2304$1,2505$1,300

$1,300

RENT COMPS ANALYSIS

1,520
PROPERTY SQFT
$0.81
AVG RENT PER SQFT
$1,231
ESTIMATED VALUE
$1,230
LIST RENT

8010 Chestnut Bluff Dr Converse, TX 5

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
Price

Price Per SQFT

$179,000

$117.76
6224 Encanto Point Dr San Antonio, TX 1

3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1999
SOLD 08/11/20
Price

Price Per SQFT

$155,900

$103.66
6623 Meadow Fawn Converse, TX 2

3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1992
SOLD 08/12/20
Price

Price Per SQFT

$165,000

$109.05
8022 Chestnut Cape Dr Converse, TX 3

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1996
SOLD 09/04/20
Price

Price Per SQFT

$167,600

$110.26
8007 Chestnut Cedar Dr Converse, TX 4

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
SOLD 09/22/20
Price

Price Per SQFT

$172,000

$113.16

8010 Chestnut Bluff Dr Converse, TX 3

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
Rent

Rent Per SQFT

$1,230

$0.81
8322 Pine Meadow Dr Converse, TX 1

3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1992
LEASED 12/03/19
Rent

Rent Per SQFT

$1,195

$0.77
8058 Chestnut Barr Dr Converse, TX 2

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994
LEASED 07/10/20
Rent

Rent Per SQFT

$1,200

$0.79
6427 Beech Trail Dr Converse, TX 4

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994
LEASED 03/27/20
Rent

Rent Per SQFT

$1,250

$0.82
6481 Beech Trail Dr Converse, TX 5

3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1994
LEASED 09/21/20
Rent

Rent Per SQFT

$1,300

$0.86

PROPERTY LISTING DETAILS

Laurie Jarrett
1.830.515.0728
Keller Williams New Braunfels

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

San Antonio Board of Realtors ( SABOR)
MLS #: 1495674
Last Updated: 11/20/2020

8010 Chestnut Bluff Dr Converse, TX 78109

$179,000

$1,230

$53,185

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Elolf Elementary School

Woodlake Hills Middle School

Judson High School

FINANCIALS

$161,100$196,90000$179,000

$1,107$1,35300$1,230

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$179,000

$1,230

0.69%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$660

1.42

$1,985

$179,000

$117.76

$165,729

$109.03

COMPS RANGE

PRICE COMPS ANALYSIS

$1,230

$0.81

$1,231

$0.81

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS