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

9506 Mustang Farm San Antonio, TX 78254

3 Beds 3 Baths 1,500 sqft Built 2004

$215,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $143.33
  • 3 Days on Market
  • MLS # : 1505401
  • Updated Date : 01/23/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

R1 San Antonio Realty

Listing Agent's Description

Wildhorse Neighborhood! Great 3 bedroom, 2.5 bath home with new A/C 2020 and newer roof 2016. Large loft for game room or additional living space. Huge backyard and covered patio for outdoor gatherings. Close to Sea World, Fiesta Texas, La Cantera, The Rim, restaurants, hiking and military bases.

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: West San Antonio

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $86k235k

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

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* 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
Krueger Elementary School Primary Regular 1,071 64 9
Jefferson Middle School Middle Regular 1,451 79 7
O'connor High School High Regular 3,094 173 8

Krueger Elementary School

  • Education Level: Primary
  • # of students: 1,071
  • # of teachers: 64
9
GreatSchools Rating

Jefferson Middle School

  • Education Level: Middle
  • # of students: 1,451
  • # of teachers: 79
7
GreatSchools Rating

O'connor High School

  • Education Level: High
  • # of students: 3,094
  • # of teachers: 173
8
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$747
Property Tax -$480
Property Insurance -$114
HOA -$25
Property Management Fees -$99
CASH FLOW
$6

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.

$215,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$4,991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4703$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 9506 Mustang Farm San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.98
    •  
  • 10526 Marengo Ln San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.97
    •  
  • 9623 Mustang Farm San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 10707 Tiger Horse Dr San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2004
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 9415 Pegasus Run Rd San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2011
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Chrystal Garcia
1.325.725.6080
R1 San Antonio Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1505401
Last Updated: 01/23/2021
BESbswy