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

8962 Branding Field San Antonio, TX 78240

3 Beds 3 Baths 1,469 sqft Built 2000

$180,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $122.53
  • 14 Days on Market
  • MLS # : 1490909
  • Updated Date : 11/01/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,469 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

THIS IS WHAT YOU HAVE BEEN WAITING FOR!!! Remember that time you said you WISH you would of invested in NETFLIX or AMAZON?.... Well don't let that happen again!!! STOP!!! LOOK!!! LISTEN!!! This is a GREAT INVESTMENT home or a PERFECT FIRST TIME home buyers dream and perfect for DIY mini upgrades. This is the perfect platform for you to Pinterest your way through UPGRADES and to let your inner DIY ROYAL SELF shine. Welcome to the Medical Center of San Antonio. Here you are surrounded by hospitals and in between easy access to the entire city, no matter where you want to go. This TWO story 3 bedroom 2 bathroom beautiful home is waiting for you to call it YOURS!! As soon as you walk in to the left you have a half bathroom that is perfect for any guest who visit. All bedrooms are upstairs for PRIVATE access. Enjoy a living room that is open to the dining area then flows into the open kitchen. The yard is perfect to build a ZEN private/ entertainment area or just to enjoy the scenery. Upstairs enjoy a large PRIMARY bedroom with a PRIVATE full bathroom! Two extra guest bedrooms great for an office, guest bedroom, nursery, child rooms or an art room, plus many other possibilities to utilize the space. This is a perfect opportunity to buy and hold as a long term rental or short term rental. VISIT OUR OPEN HOUSE THIS WEEKEND ON SUNDAY 12:30PM-3:30PM

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: North San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $86k290k

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

Neighborhood: North San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8452175

* 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
Mcdermott Elementary School Primary Regular 815 54 4
Ed Rawlinson Middle School Middle Regular 1,152 67 6
Clark High School High Regular 2,815 160 8

Mcdermott Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 54
4
GreatSchools Rating

Ed Rawlinson Middle School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 67
6
GreatSchools Rating

Clark High School

  • Education Level: High
  • # of students: 2,815
  • # of teachers: 160
8
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$664
Property Tax -$402
Property Insurance -$112
HOA -$30
Property Management Fees -$99
CASH FLOW
$103

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.

$180,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.11%
Appreciation Year (1-5) 4.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$10,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,407

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3504$1,3505$1,410
$1,410
RENT COMPS ANALYSIS
  • 8962 Branding Field San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,469 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,469 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.96
    •  
  • 5019 Sunset Glade San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1998
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
  • 8907 Branding Field San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 2000
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.95
    •  
  • 5010 Sunset Glade San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1999
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 9003 Mountain Field Dr San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2000
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ashley Castillo
1.210.540.8885
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1490909
Last Updated: 11/01/2020
BESbswy