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3915 Alpine Aster San Antonio, TX 78259

3 Beds 2 Baths 1,761 sqft Built 2002

$240,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $136.29
  • 3 Days on Market
  • MLS # : 1504384
  • Updated Date : 01/16/2021 at 13:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Great location for family, walking distance to elementary school. Open floor plan with office/playroom which is perfect for work/school at home. Lots of windows throughout house which gives great natural light. Lots of countertops in this great sized kitchen. Large patio in the backyard that is the length of house. This home is perfect for growing family, empty nesters or single executive!

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: Summit at Bulverde Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: Summit at Bulverde Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8451847

* 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
Bulverde Creek Elementary School Primary Regular 923 56 9
Hill Middle School Middle Regular 868 48 8
Johnson High School High Regular 2,945 151 9

Bulverde Creek Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 56
9
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 868
  • # of teachers: 48
8
GreatSchools Rating

Johnson High School

  • Education Level: High
  • # of students: 2,945
  • # of teachers: 151
9
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$834
Property Tax -$536
Property Insurance -$129
HOA -$15
Property Management Fees -$99
CASH FLOW
$48

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.

$240,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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$10k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$6,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6504$1,6605$1,690
$1,690
RENT COMPS ANALYSIS
  • 3915 Alpine Aster San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.94
    •  
  • 3907 Canyon Pkwy San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2003
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 3939 Canyon Pkwy San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2005
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 20326 Liatris Ln San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2003
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 3747 Lenten Rose San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lisa Bates
1.210.667.0777
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1504384
Last Updated: 01/16/2021
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