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

715 Oakwood Way San Antonio, TX 78245

4 Beds 3 Baths 2,540 sqft Built 2014

$265,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $104.33
  • 3 Days on Market
  • MLS # : 1500390
  • Updated Date : 12/18/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Gorgeous curb appeal and pristine interiors welcome you home to an open floor plan, fresh paint, and many desirable finishes. Enjoy the beautiful kitchen with granite countertops, large island, and stainless steel appliances. Upstairs bedrooms are spacious and the master boasts an expansive walk-in shower and walk-in closet. Bonus upper game room features a balcony out toward the front. Backyard is ready for entertaining with a partly covered wooden deck. Plus a shed for extra storage. This property is turnkey.

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: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k237k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8421489

* 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
Forester Elementary School Primary Regular 1,001 62 8
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Forester Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 62
8
GreatSchools Rating

Vale Middle School

  • Education Level: Middle
  • # of students: 1,349
  • # of teachers: 78
5
GreatSchools Rating

Stevens High School

  • Education Level: High
  • # of students: 2,866
  • # of teachers: 172
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$978
Property Tax -$592
Property Insurance -$174
HOA -$37
Property Management Fees -$99
CASH FLOW
-$139

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.

$265,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 0.7%
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-$6.0k-$4.0k-$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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,746

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,7254$1,7405$1,895
$1,895
RENT COMPS ANALYSIS
  • 715 Oakwood Way San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.69
    •  
  • 10510 Royal Estate San Antonio, TX 1
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2015
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.68
    •  
  • 10538 Royal Estate San Antonio, TX 2
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2014
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 10730 Axis Crossing San Antonio, TX 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2010
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.68
    •  
  • 10327 Ashbury Crk San Antonio, TX 5
    • 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 2005
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
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 #: 1500390
Last Updated: 12/18/2020
BESbswy