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6331 Scrub Jay San Antonio, TX 78240

3 Beds 3 Baths 1,631 sqft Built 1985

$169,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $103.62
  • 4 Days on Market
  • MLS # : 1509365
  • Updated Date : 02/12/2021 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,631 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

Home Needs work. Perfect for the investor or someone wanting a project. 3 Bedrooms/2 Baths. All bedrooms up.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (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
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$587
Property Tax -$414
Property Insurance -$121
HOA -$17
Property Management Fees -$99
CASH FLOW
$172

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.

$169,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.83%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$15,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,285
1$1,2852$1,4003$1,4104$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 6331 Scrub Jay San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.86
    •  
  • 7710 Dashwood San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 1985
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.84
    •  
  • 6331 Tally Gate San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,679 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6222 Colony Creek San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1992
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 6207 John Chapman San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1991
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jo Helen Clark
1.210.846.5558
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509365
Last Updated: 02/12/2021
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