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12347 Trailing Oaks St Live Oak, TX 78233

3 Beds 2 Baths 1,320 sqft Built 1971

$205,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $155.30
  • 3 Days on Market
  • MLS # : 1515323
  • Updated Date : 03/19/2021 at 21:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Charming one story home offers 3 bedrooms and 2 bathrooms. Home has new baseboards, brown laminate engineered wood flooring, new carpet in the living room, new toilets in bathrooms and new blinds throughout. Open concept floorplan with plenty of natural light. Arched entryway leads into living area with stone wall and fireplace. Spacious dining room open to kitchen area. Kitchen features stainless steel appliances. Owner's retreat has a brand new walk-in shower and framed vanity mirror. Backyard has a large covered patio and mature trees. Roof recently replaced. This home is a must see!

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: 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
Franz Elementary School Primary Regular 453 32 5
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Franz Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 32
5
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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$712
Property Tax -$448
Property Insurance -$103
Property Management Fees -$99
CASH FLOW
-$62

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.

$205,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.63%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$2,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,297

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3004$1,3405$1,395
$1,395
RENT COMPS ANALYSIS
  • 12347 Trailing Oaks St Live Oak, TX 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 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 2
    • 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
Dayton Schrader
1.210.757.9785
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1515323
Last Updated: 03/19/2021
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