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11308 Silver Rose San Antonio, TX 78245

4 Beds 4 Baths 2,690 sqft Built 2016

$289,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $107.43
  • 6 Days on Market
  • MLS # : 1509066
  • Updated Date : 02/12/2021 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,690 sqft
  • Baths : 3 full , 1 half
Listing Agent

Southern Estate Realty Group

Listing Agent's Description

Spacious Home on Corner Lot, offers Four Bedrooms, Three and a 1/2 Baths, High Ceiling in Livingroom, Large Master Suite, Double Sinks in Masterbath, Ladies Bring Your Shoes, the Master Closet is BIG. Second Story offers Three Bedrooms & Two Full Bathrooms and a bonus Media Room. Lots off Extra Storage in Garage.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Potranco Elementary School Primary Regular 807 44 8
Medina Valley Middle School Middle Regular 976 58 5
Medina Valley High School High Regular 1,159 67 6

Potranco Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 44
8
GreatSchools Rating

Medina Valley Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 58
5
GreatSchools Rating

Medina Valley High School

  • Education Level: High
  • # of students: 1,159
  • # of teachers: 67
6
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,004
Property Tax -$645
Property Insurance -$182
HOA -$23
Property Management Fees -$99
CASH FLOW
-$123

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.

$289,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,863

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7453$1,8304$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 11308 Silver Rose San Antonio, TX 3
    • 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.68
    •  
  • 11154 Bold Forbes San Antonio, TX 1
    • 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 2518 Night Star San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2015
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.67
    •  
  • 2603 Thunder Gulch San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,580 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,580 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 11311 Decidedly San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2016
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
PROPERTY LISTING DETAILS
Dawn Hartmann-pena
1.210.913.5231
Southern Estate Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1509066
Last Updated: 02/12/2021
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