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1736 Aspen Silver San Antonio, TX 78245

3 Beds 2 Baths 1,652 sqft Built 2017

INVESTimate

$218,500

List Price

$1,520

$1,368 - $1,672

Rent Est.

$227,021  ( +3.90%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $132.26
  • 7 Days on Market
  • MLS # : 1478118
  • Updated Date : 08/20/2020 at 12:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Era Colonial Real Estate

Listing Agent's Description

SPECTACULAR SINGLE STORY!! Abundant natural light, neutral color palette and an open floor plan make this the perfect home. Formal dining up front with pass thru to the chef's delight granite island kitchen. Stainless appliance package including fridge and loads of counter space. Generous master with double vanity, roomy closet and shower stall to get you out the door. Two secondary bedrooms offers everyone plenty of space. Covered rear patio for relaxation and room to run in the backyard. Nest thermostat and water softener add to an already energy efficient home. Don't wait, see and buy this one TODAY!!

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MARKET HIGHLIGHTS

  • 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).
  • 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)

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
 

$196,650$240,350$218,500

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$806
Property Tax -$488
Property Insurance -$122
HOA -$33
Property Management Fees -$99
CASH FLOW
-$29

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.

$218,500

PROJECTED PRICE

$1,520

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.90%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,653

INVESTMENT

$63,653

Down Payment
$54,625
Rehab Estimate
$5,750
Closing Costs
$3,278

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$806

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,625
Loan Amount $163,875
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,538

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
  • $0.92

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5004$1,5205$1,550
$1,550
RENT COMPS ANALYSIS
  • 1736 Aspen Silver San Antonio, 4
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.92
    •  
  • 11672 Hidden Terrace San Antonio, 1
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2015
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 11511 Goat Peak San Antonio, 2
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 2014
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 2207 Opelousas Trail San Antonio, 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 11715 Caraway Hill San Antonio, 5
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2014
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cynthia Hamilton
1.210.269.2399
Era Colonial Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478118
Last Updated: 08/20/2020
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