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8410 Chickasaw Bluff San Antonio, TX 78109

4 Beds 3 Baths 2,805 sqft Built 2010

$260,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $92.69
  • 3 Days on Market
  • MLS # : 1505653
  • Updated Date : 01/23/2021 at 04:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,805 sqft
  • Baths : 2 full , 1 half
Listing Agent

Covenant Partners Usa

Listing Agent's Description

Beautiful maintained two story home, with 4 bedrooms, 2.5 bath on a large corner lot. The home features an open floor plan that's perfect for entertainment, a nice size kitchen with a generous size kitchen island, master suite downstairs, large game room, three very spacious bedrooms upstairs with walk in closets and a over-sized backyard with a sizable covered patio. Upgrades include new wood like tile downstairs, new laminate flooring in master bedroom and one bedroom upstairs, fresh paint throughout, new carpet throughout the upstairs, new flower beds and recently installed gutters. This home is conveniently located by loop 1604, close to shopping, entertainment, restaurant's and Randolph AFB. This home is a must see!

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: Converse

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $89k205k

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

Neighborhood: Converse

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
Salinas Elementary School Primary Regular 624 40 6
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Salinas Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 40
6
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$903
Property Tax -$580
Property Insurance -$189
HOA -$10
Property Management Fees -$99
CASH FLOW
-$51

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.

$260,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.6%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7304$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 8410 Chickasaw Bluff San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.62
    •  
  • 10227 Crystal View Universal City, TX 1
    • 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,675 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 8447 Dusty Ridge Converse, TX 2
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.62
    •  
  • 8711 Guilford Cove Universal City, TX 4
    • 5 beds 4 baths ∙ 2,624 Sqft ∙ Built 2010 5 beds 4 baths ∙ 2,624 Sqft ∙ Built 2010
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 8626 Cheyenne Bluff Converse, TX 5
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2012
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Jose Chavarria Lopez
1.210.551.6960
Covenant Partners Usa
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505653
Last Updated: 01/23/2021
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