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8151 Chestnut Manor Dr Converse, TX 78109

3 Beds 3 Baths 2,105 sqft Built 1996

$206,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $98.29
  • 3 Days on Market
  • MLS # : 1496303
  • Updated Date : 11/21/2020 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,105 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Military City

Listing Agent's Description

Roof replaced in summer of 2016. HVAC replaced in past 2 yrs. Large master, spacious eat-in kitchen w/stainless stove and refrigerator

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: Northhampton

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $90k205k

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

Neighborhood: Northhampton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28008509009501000105011001150120012501300135014001450Rent in $7991472

* 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
Converse Elementary School Primary Regular 673 41 3
Judson Middle School Middle Regular 1,015 75 5
Judson High School High Regular 3,628 204 3

Converse Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
3
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
 

$186,210$227,590$206,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$763
Property Tax -$460
Property Insurance -$149
HOA -$23
Property Management Fees -$99
CASH FLOW
-$114

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.

$206,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
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$6.0k

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$60,579

INVESTMENT

$60,579

Down Payment
$51,725
Rehab Estimate
$5,750
Closing Costs
$3,104

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,725
Loan Amount $155,175
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,3953$1,3954$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 8151 Chestnut Manor Dr Converse, TX 1
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.66
    •  
  • 8342 Norcrest Dr Converse, TX 2
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 8115 Grimchester Converse, TX 3
    • 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1993
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.66
    •  
  • 7934 Donshire Dr Converse, TX 4
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1995
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 8039 Manderly Pl Converse, TX 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1993
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
PROPERTY LISTING DETAILS
Levi Rodgers
1.210.784.6585
Re/max Military City
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1496303
Last Updated: 11/21/2020
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