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6051 John Chapman San Antonio, TX 78240

4 Beds 2 Baths 1,730 sqft Built 1984

$235,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $135.84
  • 3 Days on Market
  • MLS # : 1515152
  • Updated Date : 03/21/2021 at 00:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,730 sqft
  • Baths : 2 full
Listing Agent

Real Broker, Llc

Listing Agent's Description

***Multiple offers, submit your best deadline Sunday 3/21 6pm*****Charming single-story home with great curb appeal is now available in the Apple Creek Subdivision. Open concept living with vaulted ceilings* brick wall gas fireplace*separate dining area*laminate wood & tile floors easy for maintenance. Kitchen has granite countertops with abundant of cabinets for storage space, breakfast bar & eat-in-area. The master retreat features walk in closet, full bath with dual vanities and stand-up shower. Backyard offers tons of privacy for those relaxing evenings. Easy access to pool, clubhouse, park/playground, sports court, & dog parks. Perfect location near medical center, USAA, shopping, restaurants and in the Northside school district.

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: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k230k

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

Neighborhood: Apple Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Rhodes Elementary School Primary Regular 650 40 5
Neff Middle School Middle Regular 1,211 81 3
Marshall High School High Regular 2,682 162 5

Rhodes Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 40
5
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Marshall High School

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 162
5
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$816
Property Tax -$525
Property Insurance -$127
HOA -$26
Property Management Fees -$99
CASH FLOW
$37

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.

$235,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.9%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6304$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 6051 John Chapman San Antonio, TX 3
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.94
    •  
  • 6110 Broadmeadow San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 1985
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 7738 Bay Berry San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 6143 Ashford Point Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1992
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 7902 Pine Manor Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1994
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Sandra Rangel
1.210.334.7717
Real Broker, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515152
Last Updated: 03/21/2021
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