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7706 Forest Moon Live Oak, TX 78233

3 Beds 3 Baths 1,705 sqft Built 1986

$228,470

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $134.00
  • 2 Days on Market
  • MLS # : 1508551
  • Updated Date : 02/07/2021 at 03:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Believe Realty

Listing Agent's Description

FULLY REMODELED TREED CORNER LOT. Bright and Beautiful Gemcraft Home. New ceramic tile, New Carpet, New Marble Countertops, New Stainless Steel Kitchen Appliances, garbage disposal, kitchen sink, Freshly fully painted inside and outside, Epoxy painted garage floor, water softener, recent AC unit, recent Water Heater, beautiful gas fireplace. New Insulation added, new light fixtures and much more. Huge Corner lot with mature trees and plenty of room with great privacy and room for expansion. Just walking distance from community park and minutes drive to hospital, clinics, restaurants and shopping mall. At full price the stainless steel refrigerator will convey in addition to a one year home protection plan. This home is a most to see.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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 Q29009501000105011001150120012501300135014001450Rent in $8661472

* 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
 

$205,623$251,317$228,470

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$794
Property Tax -$499
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$63

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.

$228,470

PROJECTED PRICE

$1,580

PROJECTED RENT

0.69%

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$700k

PROJECTED ANNUAL CASH FLOW

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

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$66,295

INVESTMENT

$66,295

Down Payment
$57,118
Rehab Estimate
$5,750
Closing Costs
$3,427

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$794

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,118
Loan Amount $171,353
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,590

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5454$1,5805$1,600
$1,600
RENT COMPS ANALYSIS
  • 7706 Forest Moon Live Oak, TX 4
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.93
    •  
  • 11005 Forest Crown Live Oak, TX 1
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1983
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 11212 Forest Pass Ct Live Oak, TX 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2003
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 11203 Forest Shower Live Oak, TX 3
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1987
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
  • 7503 Forest Echo Live Oak, TX 5
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1987
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nelson Torres
1.210.473.1945
Believe Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1508551
Last Updated: 02/07/2021
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