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6616 Woodbell Live Oak, TX 78233

4 Beds 2 Baths 1,753 sqft Built 2006

$210,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.79
  • 3 Days on Market
  • MLS # : 1502851
  • Updated Date : 01/08/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Help-u-sell Hill Country

Listing Agent's Description

Lovely single story 4 bedrooms with easy access to major highway of I-35 and Loop 1604 is waiting for the next owner in the family oriented Auburn Hills .. Very near Randolph Air Base ,Samci, Methodist Hospital and The Forum Shopping Area. Whatever, stages of life you are in, starting a family, this is a good starter home , children can enjoy all the amenities of a playground, a pool, and a basketball court .......or if you are empty nesters, this is just right for you too. New HVAC installed 6 months ago .Agents bring your buyers and you will not disappoint them . Refrigerator and microwave do not convey.

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: Live Oak

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $83k205k

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

Neighborhood: Live Oak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8451472

* 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
Royal Ridge Elementary School Primary Regular 629 41 4
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Royal Ridge Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
4
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$729
Property Tax -$459
Property Insurance -$128
HOA -$31
Property Management Fees -$99
CASH FLOW
$33

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.

$210,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,259

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4803$1,4804$1,5455$1,600
$1,600
RENT COMPS ANALYSIS
  • 6616 Woodbell Live Oak, TX 3
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.84
    •  
  • 9733 Sandy Ridge Way San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,634 Sqft ∙ Built 2019
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
  • 10914 Almond Crest Dr San Antonio, TX 2
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.79
    •  
  • 11203 Forest Shower Live Oak, TX 4
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1987
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
  • 6706 Ashley Wood San Antonio, TX 5
    • 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2010
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Elizabeth Martinez
1.210.788.9632
Help-u-sell Hill Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1502851
Last Updated: 01/08/2021
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