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11009 Forest Breeze Live Oak, TX 78233

4 Beds 3 Baths 2,433 sqft Built 1993

$239,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $98.60
  • 2 Days on Market
  • MLS # : 1545200
  • Updated Date : 07/13/2021 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,433 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rose Residential, Llc

Listing Agent's Description

Great location in a well-maintained neighborhood easy access to Fort Sam, Randolph, Hwy 35, Loop 1604. Mature trees, wonderful accent landscaping. Large pantry, huge island kitchen open to family room. Kitchen has tile counters and back splash. Elegant formal living and dining room. Large master suite with his and her vanity and closets. Lovely home - you won't be disappointed. No carpet downstairs.

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: Live Oak

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Live Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450Rent in $8661472

* 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
Royal Ridge Elementary School Primary Regular 629 41 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Royal Ridge Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$833
Property Tax -$524
Property Insurance -$167
Property Management Fees -$99
CASH FLOW
-$64

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.

$239,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.9%
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

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,5954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 11009 Forest Breeze Live Oak, TX 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.64
    •  
  • 12013 Brent Terrace Live Oak, TX 1
    • 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 2000
    property image
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.64
    •  
  • 6609 Wood Bench Live Oak, TX 3
    • 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2006
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 10914 Fox Crest Live Oak, TX 4
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2010
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 6751 Wayman Ridge Live Oak, TX 5
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2011
    property image
    LEASED 05/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
PROPERTY LISTING DETAILS
Candy Rose
1.210.669.7492
Rose Residential, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1545200
Last Updated: 07/13/2021
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