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9950 Sungate Park San Antonio, TX 78245

3 Beds 2 Baths 1,178 sqft Built 2005

$158,860

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.86
  • 5 Days on Market
  • MLS # : 1494538
  • Updated Date : 11/13/2020 at 22:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,178 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group

Listing Agent's Description

Beautiful one story with 3 Bedrooms, 2 Baths. Stainless steel appliances. NEW Floor Throughout, Floor coating in the garage. Very nice deck great for entertaining! Privacy Fence! All near to major highways and shopping/ easy access to Lackland AFB, Loop 1604 & I-90. Must see!!

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
Fisher Elementary School Primary Regular 866 58 6
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Fisher Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 58
6
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$142,974$174,746$158,860

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$586
Property Tax -$355
Property Insurance -$95
HOA -$11
Property Management Fees -$99
CASH FLOW
-$16

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.

$158,860

PROJECTED PRICE

$1,130

PROJECTED RENT

0.71%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,848

INVESTMENT

$47,848

Down Payment
$39,715
Rehab Estimate
$5,750
Closing Costs
$2,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,715
Loan Amount $119,145
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$3,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1303$1,2004$1,2255$1,270
$1,270
RENT COMPS ANALYSIS
  • 9950 Sungate Park San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.96
    •  
  • 2914 Edison Crest San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 10142 Dixon Wood San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2010
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.98
    •  
  • 10123 Dixon Wood San Antonio, TX 4
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 2009
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.95
    •  
  • 9930 Sungate Park San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2005
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ozra Barakat
1.210.970.9210
Premier Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1494538
Last Updated: 11/13/2020
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