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11310 Forest Gleam Live Oak, TX 78233

4 Beds 2 Baths 2,041 sqft Built 1987

$225,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $110.24
  • 3 Days on Market
  • MLS # : 1497050
  • Updated Date : 11/27/2020 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Redbird Realty Llc

Listing Agent's Description

Come see this well maintained single story home in a well-established neighborhood in the heart of Live Oak. This corner lot has a large living room with a gorgeous brick fireplace. The Spacious Master offers separate vanities and his/her closets. The backyard offers a large covered patio, great for entertainment. Location is convenient to Loop 1604, IH-35, shopping, restaurants, Randolph AFB & Fort Sam Houston. The refrigerator will stay with the home if the buyer wants it!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$830
Property Tax -$492
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$96

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.

$225,000

PROJECTED PRICE

$1,470

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

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4504$1,4705$1,495
$1,495
RENT COMPS ANALYSIS
  • 11310 Forest Gleam Live Oak, TX 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.72
    •  
  • 10607 Coyote Hill Converse, TX 1
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 1993
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.71
    •  
  • 11005 Crystal Plain San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 7727 Plainsman Converse, TX 3
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 1993
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 12014 Wilderness Trail Live Oak, TX 5
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1983
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
PROPERTY LISTING DETAILS
Johnny Reyes
1.210.729.2156x
Redbird Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497050
Last Updated: 11/27/2020
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