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1724 Aspen Silver San Antonio, TX 78245

5 Beds 4 Baths 2,679 sqft Built 2017

$255,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $95.18
  • 3 Days on Market
  • MLS # : 1512608
  • Updated Date : 03/05/2021 at 21:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,679 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Beautiful two story home offers 5 bedrooms plus a formal dining area, gameroom and 3.5 bathrooms. Bright living area with plenty of natural light. Kitchen features recessed lighting, island with a breakfast bar, granite countertops, stainless steel appliances and decorative tile backsplash. Owner's retreat has a double vanity and a separate garden tub/walk-in shower. Large gameroom is perfect for entertaining. Backyard has a covered patio with a privacy fence. Conveniently located near shopping, dining and recreation with easy access to Loop 1604. Don't miss out!

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: 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
Behlau Elementary School Primary Regular 820 50 4
Luna Middle School Middle Regular 1,242 70 6
Brennan High School High Regular 2,455 137 7

Behlau Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 50
4
GreatSchools Rating

Luna Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 70
6
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$886
Property Tax -$569
Property Insurance -$182
HOA -$29
Property Management Fees -$99
CASH FLOW
$75

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.

$255,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.72%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$9,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,8404$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1724 Aspen Silver San Antonio, TX 3
    • 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.69
    •  
  • 11523 N Peak San Antonio, TX 1
    • 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2013
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 11506 Fort Smith San Antonio, TX 2
    • 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,657 Sqft ∙ Built 2012
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.69
    •  
  • 1811 Cool Breeze San Antonio, TX 4
    • 5 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,807 Sqft ∙ Built 2013
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 11731 Verdis Valley San Antonio, TX 5
    • 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,679 Sqft ∙ Built 2017
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
PROPERTY LISTING DETAILS
Dayton Schrader
1.210.757.9785
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1512608
Last Updated: 03/05/2021
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