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8215 Grimchester Converse, TX 78109

4 Beds 3 Baths 2,400 sqft Built 1993

$217,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $90.42
  • 5 Days on Market
  • MLS # : 1514772
  • Updated Date : 03/19/2021 at 18:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

HIGHEST AND BEST BY 5PM ON MONDAY 3/22. Highest and best offer deadline is 12pm +3 business days Beautifully maintained, move-in ready home. Your new sanctuary awaits! Living areas are ample and flooded with natural light. The kitchen features a large island, Silestone quartz counter tops with plenty of counter space, custom cabinets, stainless steel appliances, and cozy eat in dining area perfect for gathering family and friends. Living/dining area has Lifeproof vinyl flooring installed in 2020. The primary bedroom includes unique separate walk-in closets with dual vanity and full bath. Walk-in closets in all secondary bedrooms. This home also features an expansive backyard complete with fire pit and landscaping. Roof replaced in 2019.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (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
 

$195,300$238,700$217,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$754
Property Tax -$483
Property Insurance -$166
HOA -$23
Property Management Fees -$99
CASH FLOW
-$44

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.

$217,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.68%

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$63,255

INVESTMENT

$63,255

Down Payment
$54,250
Rehab Estimate
$5,750
Closing Costs
$3,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,250
Loan Amount $162,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$2,654

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
  • $0.62

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4753$1,4804$1,5505$1,680
$1,680
RENT COMPS ANALYSIS
  • 8215 Grimchester Converse, TX 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.62
    •  
  • 8202 Grimchester Converse, TX 1
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1993
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.61
    •  
  • 8103 Grimchester Converse, TX 2
    • 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,334 Sqft ∙ Built 1993
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.63
    •  
  • 8230 Grimchester Converse, TX 4
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1993
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.60
    •  
  • 7419 Northallerton Converse, TX 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1999
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.69
    •  
PROPERTY LISTING DETAILS
Orlando Ayarzagoitia
1.210.463.5635
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514772
Last Updated: 03/19/2021
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