Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2810 Burnt Oak St San Antonio, TX 78232

4 Beds 3 Baths 2,144 sqft Built 1978

$295,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $137.59
  • 3 Days on Market
  • MLS # : 1508379
  • Updated Date : 02/06/2021 at 20:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Don Johnson, Realtors

Listing Agent's Description

Enjoy the gas heated, in-ground spa with bubbler system, all year round! The roof was redone in 2020 and the main HVAC system 5 years ago. Great care was taken to keep the original hardwood for the cabinets and open staircase. The kitchen and main bath both utilize gorgeous Italian tile! Take the time to count the variety of mature trees in the backyard.

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: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k283k

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

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451759

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,025
Property Tax -$659
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
-$73

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.

$295,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 6.6%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$3,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8603$1,9004$1,9955$2,015
$2,015
RENT COMPS ANALYSIS
  • 2810 Burnt Oak St San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.87
    •  
  • 2835 Quail Oak St San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1978
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 3331 Outrider San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1987
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 16530 Redland Ranch San Antonio, TX 4
    • 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1995
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 3102 Arts Cir San Antonio, TX 5
    • 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,173 Sqft ∙ Built 1996
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.93
    •  
PROPERTY LISTING DETAILS
Bradley Johnson
1.210.831.3121
Bhhs Don Johnson, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508379
Last Updated: 02/06/2021
BESbswy