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2010 Broken Oak St San Antonio, TX 78232

4 Beds 2 Baths 1,931 sqft Built 1974

$280,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $145.00
  • 5 Days on Market
  • MLS # : 1497671
  • Updated Date : 12/04/2020 at 18:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker D'ann Harper

Listing Agent's Description

OPEN HOUSE SUNDAY 11AM TO 1:00 PM! In the heart of North Central San Antonio, this four bedroom beauty has it all! Fresh paint, new carpet in secondary bedrooms and a new roof in 2020. See yourself in the high-ceiling family room next to a roaring fire or enjoying backyard nature from the covered patio. Great NEISD schools and close proximity to shopping and entertainment. New ceiling fans and light fixtures in brushed nickle compliment wood and ceramic tile floors and there's recessed lighting in the family and living rooms. The mature neighborhood features big trees and no HOA. The backyard has plenty of room for landscaping and playing. Right off Thousand Oaks and U.S. 281!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).

PRICE & RENT TRENDS

Neighborhood: Shady Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k280k

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

Neighborhood: Shady Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451716

* 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
Thousand Oaks Elementary School Primary Regular 812 46 6
Bradley Middle School Middle Regular 1,169 66 8
Macarthur High School High Regular 2,544 153 6

Thousand Oaks Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 46
6
GreatSchools Rating

Bradley Middle School

  • Education Level: Middle
  • # of students: 1,169
  • # of teachers: 66
8
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,544
  • # of teachers: 153
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,033
Property Tax -$625
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
-$216

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.

$280,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 7.2%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6803$1,6954$1,7005$1,745
$1,745
RENT COMPS ANALYSIS
  • 2010 Broken Oak St San Antonio, TX 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 2023 Windy Trail San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1974
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 14929 Moss Vw San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1982
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 2406 Border Ln San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1978
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 1903 Archway Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1974
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.89
    •  
PROPERTY LISTING DETAILS
Brian Mylar
1.210.260.1504
Coldwell Banker D'ann Harper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1497671
Last Updated: 12/04/2020
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