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2703 Burning Oak St San Antonio, TX 78247

4 Beds 2 Baths 1,619 sqft Built 1977

$264,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $163.62
  • 3 Days on Market
  • MLS # : 1508396
  • Updated Date : 02/06/2021 at 00:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

Ae Realty

Listing Agent's Description

This is the one you have been looking for! 1 story, 4 bedroom, 2 bath home is located in a quiet, established and desirable neighborhood. It has oversize spacious backyard, mature trees. It also has new kitchen with granite countertops and fresh paint, new flooring throughout house, new roof, new HVAC. Centrally located, well maintained, quarter-acre flat yard, corner lot in a cul-de-sac, covered Texas-Style patio perfect for entertaining and bbq parties, fireplace in welcoming living room. Find yourself close to 281, I-35, 1604, and walking distance to McAllister Park.

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: Burning Tree

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $86k226k

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

Neighborhood: Burning Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451573

* 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
Wetmore Elementary School Primary Regular 731 45 6
Driscoll Middle School Middle Regular 900 54 5
Macarthur High School High Regular 2,544 153 6

Wetmore Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 45
6
GreatSchools Rating

Driscoll Middle School

  • Education Level: Middle
  • # of students: 900
  • # of teachers: 54
5
GreatSchools Rating

Macarthur High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$920
Property Tax -$591
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$171

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.

$264,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.59%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4753$1,5254$1,5605$1,595
$1,595
RENT COMPS ANALYSIS
  • 2703 Burning Oak St San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.96
    •  
  • 2738 Knoll Tree St San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1979
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.88
    •  
  • 3027 Heidi St San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1979
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 14014 Tangle Tree St San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 1978
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.93
    •  
  • 14119 Broken Tree St San Antonio, TX 5
    • 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,653 Sqft ∙ Built 1977
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dario Garcia
1.210.201.6608
Ae Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508396
Last Updated: 02/06/2021
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