About This Home

Nice starter home for someone that is willing to do a little work. A 10 minute walk to the San Marcos River! Solid home built on foundation and has cinder block walls. Priced to sell.

At $140/sqft, this home is 40% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

955 Field St, San Marcos, TX 78666

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Property Details

Price $167,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,202 sqft

Lot Size 0.19 acres (8,254.62 sqft)

Year Built 1965

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Rio Vista Terrace

County Hays

Zip Code 78666

$/sqft $140/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249295415

List Date October 8, 2026

Elementary School Crockett

Middle School Miller

High School San Marcos

School District San Marcos CISD

School District

San Marcos CISD

Crockett · Miller · San Marcos

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

421 W San Antonio St #A2
Pecan Creek Condo $164,999 $210 2 bd / 1 ba 786 sqft , 2026-04-23

1013 Chestnut St #C2
Bent Tree Condos $175,000 $182 2 bd / 2 ba 960 sqft , 2026-04-16

1202 Thorpe Ln #604
Village At Springtown Condos $155,000 $150 2 bd / 2 ba 1,036 sqft , 2026-02-06

1202 Thorpe Ln #315
Village At Springtown Condos $185,000 $150 2 bd / 2 ba 1,230 sqft , 2026-07-29

1202 Thorpe Ln #406D
Village At Springtown Condos $195,000 $179 2 bd / 2 ba 1,091 sqft , 2026-11-02

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$806/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$33,580

20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$806

Principal + Interest−$916

Property Tax (assumed ~2.1%)−$294

Insurance (assumed ~0.5%)−$70

Est. Monthly Cash Flow $-474

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near San Marcos, TX

San Marcos sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 3, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

955 Field St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

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