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4539 Oakfield Way San Antonio, TX 78251

3 Beds 2 Baths 1,633 sqft Built 2000

$215,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $131.66
  • 6 Days on Market
  • MLS # : 1514613
  • Updated Date : 03/20/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,633 sqft
  • Baths : 2 full
Listing Agent

Orchard Brokerage

Listing Agent's Description

HIGHEST AND BEST OFFER BY MONDAY 3/22 at 5 pm. Click the "Virtual Tour" link to view the 3D Matterport walkthrough. Clean and move in ready, this residence checks all the boxes. Gorgeous curb appeal and pristine interiors welcome you home to a wide-open floor plan. The spacious kitchen has built-in oven granite counters, and opens to the spacious eat in dining area. The primary bedroom includes an ensuite bathroom and spacious master closet, making it the ideal retreat. Lovely backyard featuring a patio slab perfect for entertaining and established tree. 100% new paint inside home (walls,ceiling,trim). Wood look porcelain tile floor throughout entire home. Updated led lighting. Updated all wall switches & receptacles. All new & updated 2 panel Arch top doors, including all hardware & designer door knobs. New kitchen upper & lower cabinets with custom crown molding & accent lighting, new counter tops, new stainless steel dishwasher, new designer stainless steel faucets in kitchen & bathrooms. All new 6 inch baseboard throughout home. Master bedroom closet & pantry upgraded lighting. Designer wrought iron entry door. All new stainless steel fixtures in bathrooms including new bluetooth speaker integrated exhaust fans. New A/C central both indoor & outdoor units replaced. Owned Solar panels less than 2 years old. Attic access relocated to garage & equipped with a pull down fold out attic ladder. Smart home security alarm system w/color touch screen panel.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lindsey Place

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $86k215k

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

Neighborhood: Lindsey Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7321532

* 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
Driggers Elementary School Primary Regular 633 43 7
Neff Middle School Middle Regular 1,211 81 3
Holmes High School High Regular 2,808 171 5

Driggers Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 43
7
GreatSchools Rating

Neff Middle School

  • Education Level: Middle
  • # of students: 1,211
  • # of teachers: 81
3
GreatSchools Rating

Holmes High School

  • Education Level: High
  • # of students: 2,808
  • # of teachers: 171
5
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$747
Property Tax -$480
Property Insurance -$121
HOA -$17
Property Management Fees -$99
CASH FLOW
-$64

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.

$215,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3303$1,3504$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 4539 Oakfield Way San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 8243 Elm Glade San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2004
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.84
    •  
  • 4523 Everstone Crk San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1999
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.88
    •  
  • 7702 Crystal Pt San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2001
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 5122 Tree Top St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1984
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Orlando Ayarzagoitia
1.210.463.5635
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1514613
Last Updated: 03/20/2021
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