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4815 Aspen View San Antonio, TX 78217

3 Beds 2 Baths 1,567 sqft Built 1994

$210,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $134.01
  • 2 Days on Market
  • MLS # : 1514039
  • Updated Date : 03/13/2021 at 12:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Noble Group Realty, Llc

Listing Agent's Description

OWNER FINANCING AVAILABLE!!! I-TIN/Self-Employed/Poor Credit Buyers Ok. No HOA! 3 bed 2 Bth 1567 Sq Ft home built in 1994. Home located near Nacogdoches and Thousand Oaks (close to Madison High School). Owner financing offered via 30 year term with no balloon and no prepayment penalty. Minimum $20k down. Starting Interest Rate = 8.5%. Buyers can buy down interest rate by .5% for each additional $5k paid at closing. Owner financing available to buyers with a combined household income of at least $4,500 per month. Call agent to schedule showing. Come see now!

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: Northern Heights

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

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

Neighborhood: Northern Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6791535

* 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
Northern Hills Elementary School Primary Regular 629 38 3
Driscoll Middle School Middle Regular 900 54 5
Madison High School High Regular 3,364 190 5

Northern Hills Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 38
3
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Madison High School

  • Education Level: High
  • # of students: 3,364
  • # of teachers: 190
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$729
Property Tax -$469
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$15

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.

$210,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.3%
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$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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$4,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,469

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4303$1,4454$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 4815 Aspen View San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.91
    •  
  • 13503 Bell Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1980
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 4802 Buckwheat St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1980
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.99
    •  
  • 13539 Harvest Bend San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1981
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.89
    •  
  • 4515 Oak Wind St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1981
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Aaron Sams
1.210.788.1034
Noble Group Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514039
Last Updated: 03/13/2021
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