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5718 Thunder Oaks San Antonio, TX 78261

3 Beds 2 Baths 1,974 sqft Built 2006

$245,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.11
  • 3 Days on Market
  • MLS # : 1502950
  • Updated Date : 01/09/2021 at 23:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,974 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates, Realtors

Listing Agent's Description

This move in ready, one story home in Wortham Oaks is ready for you! This home has great features, a functional floor plan and is in an excellent location! NO CITY TAXES! The spacious kitchen boasts large island, granite counter tops, large cabinets and pantry for storage, overlooks large family room with wood burning fireplace. Enjoy evenings on the covered patio. Formal dining room at the front of the house is an ideal space for distance learning or working from home! This home boasts a large master suite with huge walk-in closet and all 3 secondary bedrooms are good sized and all have walk in closets! Fresh interior paint, water softener and sprinkler system are all added bonuses. Water heater replaced in 2017. The home is in close proximity to Wortham Oaks Elementary School and the neighborhood amenity center! Neighborhood amenities include: gated entrance, pool, playground, park and basketball courts. Located within in minutes to restaurants, shopping and entertainment. What more could you want?

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: Wortham Oaks

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $86k339k

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

Neighborhood: Wortham Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8452041

* 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
Rolling Meadows Elementary School Primary Regular 761 45 7
Kitty Hawk Middle School Middle Regular 1,298 83 6
Veterans Memorial High School High Regular NA

Rolling Meadows Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 45
7
GreatSchools Rating

Kitty Hawk Middle School

  • Education Level: Middle
  • # of students: 1,298
  • # of teachers: 83
6
GreatSchools Rating

Veterans Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$851
Property Tax -$571
Property Insurance -$141
HOA -$51
Property Management Fees -$99
CASH FLOW
$127

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.

$245,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.32%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$10,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8004$1,8405$1,950
$1,950
RENT COMPS ANALYSIS
  • 5718 Thunder Oaks San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.93
    •  
  • 6010 Akin Cir. San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2017
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 6039 Akin Quay San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 2019
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 5650 Southern Oaks San Antonio, TX 3
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2010
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 5910 Akin Glen San Antonio, TX 5
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2020
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Morgan Bertram
1.210.717.6690
Jp & Associates, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502950
Last Updated: 01/09/2021
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