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11111 Hunter Oaks St Live Oak, TX 78233

3 Beds 2 Baths 1,296 sqft Built 1979

$195,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $150.46
  • 18 Days on Market
  • MLS # : 1501193
  • Updated Date : 01/09/2021 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Keller Williams City-view

Listing Agent's Description

OPEN HOUSE SUNDAY 2-4PM. Charming home within walking distance of Live Oak's Main City Park and neighborhood elementary school. Park is the perfect place to enjoy a picnic, fishing, jogging & duck watching. Your new home includes remodeled bathrooms, low threshold shower in master bath, new light fixtures, 2.5 ton HVAC in 2018, gas stove, dishwasher & disposal in 2019, mechanical screens on back doors, double-paned windows, fresh paint & a new front porch. Recent foundation work has transferable warranty.

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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: Cimarron

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

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

Neighborhood: Cimarron

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8021472

* 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
Crestview Elementary School Primary Regular 568 40 10
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Crestview Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 40
10
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$677
Property Tax -$426
Property Insurance -$102
Property Management Fees -$99
CASH FLOW
-$24

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.

$195,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.0%
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

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$3,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,273

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2803$1,2954$1,3405$1,395
$1,395
RENT COMPS ANALYSIS
  • 11111 Hunter Oaks St Live Oak, TX 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.99
    •  
  • 11205 Champion Oak Live Oak, TX 1
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 7705 Hunter Oaks St Live Oak, TX 3
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1978
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
  • 7610 Borden Oak St Live Oak, TX 4
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.02
    •  
  • 7409 Old Spanish Trail Live Oak, TX 5
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1974
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
PROPERTY LISTING DETAILS
Barbara Alvarado
1.210.885.5450
Keller Williams City-view
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1501193
Last Updated: 01/09/2021
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