Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1802 Ayleth Ave San Antonio, TX 78213

3 Beds 2 Baths 1,881 sqft Built 2015

$329,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $175.39
  • 5 Days on Market
  • MLS # : 1499887
  • Updated Date : 12/16/2020 at 13:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,881 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome home to 1802 Ayleth Avenue in the Preserve at Castle Hills community. With 1,881 sqft of living space, this home has three bedrooms, two bathrooms, and a study/office! High ceilings and an open layout make this home perfect for entertaining-upgrades throughout, including beautiful wood laminate flooring, designer lighting, and fans, and built-in speakers. The kitchen has gorgeous granite countertops with an elegant tile backsplash and a large eat-in island. Double ovens and gas cooking make this gourmet kitchen a chef's dream kitchen. This gated neighborhood is right in the heart of San Antonio, with quick access to downtown, the airport, tons of shopping and dining options all around. Set up your showing today as this home will not last long at this great price!

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: Lockhill Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Lockhill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6791715

* 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
Larkspur Elementary School Primary Regular 865 62 2
Eisenhower Middle School Middle Regular 1,162 68 5
Churchill High School High Regular 2,981 169 7

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 62
2
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 68
5
GreatSchools Rating

Churchill High School

  • Education Level: High
  • # of students: 2,981
  • # of teachers: 169
7
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,217
Property Tax -$736
Property Insurance -$136
HOA -$50
Property Management Fees -$99
CASH FLOW
-$128

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$2,1104$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1802 Ayleth Ave San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.12
    •  
  • 11243 Ancient Coach San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,721 Sqft ∙ Built 2002
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 1719 Pinetum Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1996
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 10710 Alys Way San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2015
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
  • 10619 Ysamy Way San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2015
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kyle Handy
1.210.218.7801
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499887
Last Updated: 12/16/2020
BESbswy