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8131 Forest Dawn Live Oak, TX 78233

3 Beds 2 Baths 1,406 sqft Built 1984

INVESTimate

$160,000

List Price

$1,370

$1,233 - $1,507

Rent Est.

$167,776  ( +4.86%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Built In 1984
  • Price/Sqft : $113.80
  • 9 Days on Market
  • MLS # : 1478306
  • Updated Date : 08/23/2020 at 16:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,406 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

***OFFER RECIEVED, PLEASE SUBMIT FINAL AND BEST BY MONDAY AUGUST 24TH AT 6PM*** **Priced to Sell!!** Open and bright, this home is ready for new owners! Fresh paint, granite counter-tops, new flooring, updated bathrooms, and so much more! Close proximity to Randolph AFB, IKEA, The Forum, Interstate 35 and Live Oak Park!! Come and see this one before it's gone!

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 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
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$590
Property Tax -$350
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
$223

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.

$160,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.86%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 4.86%
Maintenance Year (1-5) 8.00%
Vacancy 9.02%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$24,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3704$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 8131 Forest Dawn Live Oak, 3
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.97
    •  
  • 7810 Forest Briar Live Oak, 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 8110 Forest Bow Live Oak, 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 7705 Forest Fern Live Oak, 4
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1986
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.92
    •  
  • 7822 Forest Briar Live Oak, 5
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1983
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ashley James
1.210.602.3652
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1478306
Last Updated: 08/23/2020
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