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12406 Trailing Oaks St Live Oak, TX 78233

3 Beds 2 Baths 1,148 sqft Built 1971

$180,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $156.79
  • 2 Days on Market
  • MLS # : 1497175
  • Updated Date : 11/28/2020 at 17:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,148 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

3 bedroom, 2 bath, 1148 sf home located in thriving community of Live Oak. Well maintained home, roof approximately 4 yrs old, freshly painted interior and wood laminate flooring through out. Wonderful outdoor space in a well shaded backyard. Mature fruit trees. Water softener installed and indoor HVAC system installed within the past several years, and a full one car garage. Close proximity to the neighborhood park, fishing lake and walking trails.

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
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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$664
Property Tax -$393
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$20

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.

$180,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.68%

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-$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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,122

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,2003$1,2304$1,2755$1,340
$1,340
RENT COMPS ANALYSIS
  • 12406 Trailing Oaks St Live Oak, TX 3
    • 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.07
    •  
  • 12422 Trailing Oaks St Live Oak, TX 1
    • 4 beds 2 baths ∙ 1,162 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,162 Sqft ∙ Built 1971
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.93
    •  
  • 7705 Sage Oak St Live Oak, TX 2
    • 3 beds 1 baths ∙ 1,204 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,204 Sqft ∙ Built 1969
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 12810 Weeping Oak Trail Live Oak, TX 4
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1972
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.96
    •  
  • 7610 Borden Oak St Live Oak, TX 5
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1978
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jeff Smyth
1.210.884.0758
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497175
Last Updated: 11/28/2020
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