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9923 Sandy Field San Antonio, TX 78245

3 Beds 2 Baths 1,274 sqft Built 1984

$162,500

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $127.55
  • 2 Days on Market
  • MLS # : 1493839
  • Updated Date : 11/07/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Concierge Realty Of Sa

Listing Agent's Description

Hunting for a single story home that is move-in ready with NO carpet less than 165K? RUN to see this one! This cozy home in coveted Heritage Park is a gem infused natural light throughout its flowing floor plan. Enjoy the updated ceramic wood tile flooring and fresh paint that brightens the entire space. New recessed lighting in the living room, kitchen, and hallway gives it a very modern effect. The high ceiling in the living room make for a super spacious feeling and be sure to check out your updated shiplap fireplace in the living room. Master Bedroom boast an amazing high ceiling and listen to this - you have his and hers walk-in closets! You'll find the master bathroom spacious. Both master and hall baths have updated tile showers. Step out onto your cute covered porch and enjoy the generous level yard, waiting for your personal touch. Let me not forget, the exterior has been freshly painted. Add to this recipe easy access to highways, Lackland AFB and all the conveniences of the far north side! Don't wait, book your appointment to check it out today.

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: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* 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
Michael Elementary School Primary Regular 828 52 3
Vale Middle School Middle Regular 1,349 78 5
Stevens High School High Regular 2,866 172 4

Michael Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
3
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
 

$146,250$178,750$162,500

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$600
Property Tax -$363
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
-$42

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.

$162,500

PROJECTED PRICE

$1,120

PROJECTED RENT

0.69%

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$50k$100k$150k$200k$250k$300k$350k$400k$450k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,813

INVESTMENT

$48,813

Down Payment
$40,625
Rehab Estimate
$5,750
Closing Costs
$2,438

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$600

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,625
Loan Amount $121,875
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$2,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,121

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,1253$1,1954$1,2005$1,249
$1,249
RENT COMPS ANALYSIS
  • 9923 Sandy Field San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.88
    •  
  • 2879 Cherry Field Dr San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,288 Sqft ∙ Built 1985
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.87
    •  
  • 10134 Sungate Park San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2003
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 3007 Gypsy Pt San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2004
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.88
    •  
  • 2855 Cherry Field Dr San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,387 Sqft ∙ Built 1985
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
PROPERTY LISTING DETAILS
Janell Peterson
1.210.264.9797
Concierge Realty Of Sa
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1493839
Last Updated: 11/07/2020
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