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$1,250,000

For Sale - Active
1012 Mourning Dove, Canyon Lake, TX 78133
5 Beds
0 Baths
4,900 Square Feet
0.00 Acres Lot
Built in 2009
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 21, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$4,959
Cap Rate
1.5%
Cash-on-Cash Return
-20.7%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-16.0%

Property Description


0.00 Acres Lot
Built in 2009
For Sale - Active
Units n/a

Rustic Luxury on Scenic Skyline Drive This custom-built 4,900 sq. ft. log cabin on 2 acres offers million-dollar views. It's perfectly located just minutes from the Horseshoe on the Guadalupe River, Whitewater Amphitheater, and Canyon Lake boat ramp #1. Gruene and New Braunfels are also just 30 minutes away. Inside the home you will find 5 bedrooms, 3.5 baths, 2 large living areas, and 2 full kitchens. All rooms are fully furnished - many with handcrafted log furniture. The large wrap-around porch showcases beautiful sunrises and sunsets, while a detached game room/mancave adds extra entertainment space for large gatherings. With a new roof, new gutters and fresh exterior paint this turnkey property is move-in ready. Whether you intend to use it as an investment property, a multigenerational homestead or a company retreat you simply cannot go wrong with this one. Don't miss this rare Texas Hill Country treasure—schedule your showing today!

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Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab, Other
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 500800003400
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2009

Tax Information

  • Annual Tax: $18,774

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Comal

Listing Details


Listed by:
Keko Moore
Pinnacle Realty Advisors
(281) 508-2188

Source:
Houston Association of REALTORS
MLS#: 95386092
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$4,959
Cap Rate
1.5%
Cash-on-Cash Return
-20.7%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-16.0%

Purchase Details

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Purchase price:
$1,250,000
Amount financed:
-$1,000,000
Down payment:
$250,000
Closing costs:
$37,500
Rehab costs:
$0
Initial cash invested:
$287,500
Square feet:
4,900
Cost per square foot:
$255
Monthly rent per square foot:
$0.92

Financing Details

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Loan amount:
$1,000,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.770%
Principal & interest:
$6,499
Property tax:
$1,565
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,379

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (35%)
35%-$1,565-$18,774
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (60%)
60%-$2,690-$32,274

Cash Flow


Monthly Yearly
Net operating income:
$1,540 $18,480
Mortgage payments:
-$6,499 -$77,988
Cash flow:
$4,959 $59,508