$34,900
Investment Summary
- Monthly Cash Flow
- -$1,231
- Cap Rate
- -42.3%
- Cash-on-Cash Return
- -41.1%
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- -35.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Inspiring design this "A" floor plan with great walk-in shower and incredible views to the north has a lot of personality. Seller offering to pay 1/2 of community fee. The Towers on Park Lane is an Exclusive Luxury High Rise Co-op for adults 55 years + The Towers offers a lifestyle much like that of living in a Luxury Hotel. Upon arrival you are greeted by a valet who will park your car and take your personal items up to your residence. Numerous concierges are available to help with your every need. Located in the lobby is a beautiful white tablecloth restaurant and a darling bistro to grab a quick bite if you don't feel like cooking. Better yet- order room service and have your meal delivered! The building amenities are tremendous and feature a heated indoor pool and spa, locker rooms and a fitness center and that includes a variety of classes and work out equipment, a gorgeous 4 1/2 acre park with walking trails, outdoor patios and personal gardening beds, a library, card room, an astounding wood working shop, business center, CLUB 22 - an oak paneled lounge on the 22nd floor with large windows and balconies overlooking the downtown skyline, an art studio, billiards table, two laundry facilities on every floor for those residence that do not have W/D connections, on site storage units, ten guest suites on the second floor, EV charging stations, meeting and banquet rooms with catering services available thru the food & beverage department and above all 24/7 Resident Safety Officers! The many benefits provided in the monthly Co-op fee include weekly housekeeping, Wi-fi/ Cable TV (including Showtime and HBO)/ water and garbage, concierge and valet services, fitness instructor for personal training and group classes, scheduled transportation, recreational/ educational/ cultural and social programs, secured covered parking with direct entry to the building, 24 hour security and surveillance of grounds, monitored fire alarms and sprinkler system throughout building, monitored emergency call system in each residence. In addition to all that the Co-Op provides the residents have an active and close knit community offering many engaging social opportunities! The building is an extension of your personal living space and there is something special for everyone. The Co-op has a well-funded financial reserve and can boast they have never had a special assessment.
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Location
Property Details
Parking
- Description: One Car Garage
- Garage Spaces: 1
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 1
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Total): 1.0
Interior Features
- # of Rooms: 3
- # of Stories: 24
Exterior Features
- Exterior Walls Materials: Masonry
- Pool: Yes
HOA
- Has HOA: Yes
- Association: ONE TOWERS PARK LANE COOPERATIVE COMPANY
- HOA Fee: $2,111/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 091311001104
- Lot Size: 0 sqft
Property Information
- Property Type: Condominium
- Year Built: 1988
Tax Information
- Annual Tax: $1,019
Utilities
- Heating: Electric, Heat Pump
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Bexar
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,231
- Cap Rate
- -42.3%
- Cash-on-Cash Return
- -41.1%
- Debt Coverage Ratio
- n/a
- Internal Rate of Return (5 years)
- -35.4%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $34,900 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| $0 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $34,900 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $1,047 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $35,947 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 688 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $51 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $2.03 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $0 |
|---|
Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $1,400 | $16,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$84 | -$1,008 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,316 | $15,792 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 6% | -$85 | -$1,020 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$98 | -$1,176 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$112 | -$1,344 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$70 | -$840 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$70 | -$840 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 151% | -$2,112 | -$25,344 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 182% | -$2,547 | -$30,564 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| -$1,231 | -$14,772 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | $0 | $0 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,231 | $14,772 |