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11742 Silver Field San Antonio, TX 78254

3 Beds 2 Baths 1,526 sqft Built 2017

$230,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $150.72
  • 3 Days on Market
  • MLS # : 1511175
  • Updated Date : 02/26/2021 at 22:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,526 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy

Listing Agent's Description

Cozy, well maintained one story home in the well sought Silver Canyon Subdivision. This 3 Bedroom, 2 Bath home has open concept. Nice foyer that opens up to family, dining combo. Lovely hardwood floors in dining, master bedroom and walk in closet. Master suite with walk in closet and separate shower and soaker bath. Ceiling fans and window treatment throughout. Nice backyard with covered patio and privacy fence. Northside schools. Nearby shopping and easy access to express ways .

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

* 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
Kallison Elementary School Primary Regular NA
Folks Middle School Middle Regular 700 45 NA
Harlan High School High Regular NA

Kallison Elementary School

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

Folks Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 45
NA
GreatSchools Rating

Harlan High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$799
Property Tax -$513
Property Insurance -$108
HOA -$17
Property Management Fees -$99
CASH FLOW
-$16

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.

$230,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.66%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5503$1,5504$1,5955$1,625
$1,625
RENT COMPS ANALYSIS
  • 11742 Silver Field San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.09
    •  
  • 11950 Horse Cyn San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2018
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 11729 Silver Sky San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 11903 Cheney Glen San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 12139 Dawes Pt San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2011
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sheba Chambers-ramos
1.210.860.1779
Keller Williams Legacy
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511175
Last Updated: 02/26/2021
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