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2826 Quail Oak St San Antonio, TX 78232

4 Beds 2 Baths 2,193 sqft Built 1978

$295,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $134.52
  • 3 Days on Market
  • MLS # : 1492594
  • Updated Date : 11/01/2020 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,193 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

This one story wont last! Spacious 4 bedroom home with open floor plan and vaulted ceiling located in desirable NC neighborhood! Recent upgrades include granite counters in kitchen and wood flooring in primary bedroom. Breakfast area with separate dining room. Large master bedroom with two walk in closets. HUGE step down shower! Mature trees, covered patio in back. Very convenient to major highways and shopping.***Washer/Dryer to convey with full price offer***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (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

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,088
Property Tax -$659
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$220

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

$1,780

PROJECTED RENT

0.60%

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,9004$1,9955$2,015
$2,015
RENT COMPS ANALYSIS
  • 2826 Quail Oak St San Antonio, TX 2
    • 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.81
    •  
  • 16215 Canyon Shadow San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1984
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 3331 Outrider San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1987
    property image
    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
    property image
    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
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.93
    •  
PROPERTY LISTING DETAILS
Vanessa Schwope
1.210.214.5285
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1492594
Last Updated: 11/01/2020
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