$515,000
Investment Summary
- Monthly Cash Flow
- -$1,078
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.9%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -6.6%
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
When you choose to work with our preferred lender, they're offering up to 1% of the loan amount (not to exceed $5,000) to help with your closing costs or buy down your interest rate! Enjoy all the luxury of newer-built communities without the traffic headaches of 1560 or Galm Road. Experience the charm of the Lantana Oaks community with this exquisite 3,276 sqft. home nestled in desirable Helotes, TX. This home's design of updated features and classic charm set it apart from anything available on the market today at this price point in this area. As you walk up to the home, you're immediately greeted with an upgraded brick walkway at the front entry providing a touch of exclusivity even before you step inside. Upon entering, you'll find sleek, hand-scraped wood floors inviting you in and flowing throughout the expansive, 1st floor, open floor plan. Soaring ceilings at the entry and 9-foot ceilings throughout create a bright, airy ambiance. To the left of the entry, you'll find a well appointed guest bedroom, with a full bathroom conveniently located right next to the bedroom, providing privacy and easy access away from the main living areas. Perfect for visitors, multigenerational living, or a home office. The bright and open kitchen is a feast for the eyes and a home chef's delight! showcasing elegant granite countertops, sleek and unique white cabinetry, a gorgeous backsplash you will not find at this price point anywhere in the area, gas cooking, double ovens, and a stylish kitchen island with a gathering bar at the heart of this amazing home. It's perfect for casual dining, entertaining, or simple meal preparation. Adjacent to the kitchen, discover a convenient study nook, ideal for remote work or homework. It also offers flexibility as a prep area or would make a great coffee or cocktail bar. The kitchen, living, and dining areas flow together seamlessly, creating an ideal space for entertaining. Two spacious family rooms-one upstairs and one downstairs-boast soaring ceilings, abundant natural light, and are wired for theater sound, perfect for relaxation or hosting guests. The primary bedroom is tucked away at the back of the first floor for added privacy. This serene retreat features room for a sitting area, an entryway closet, and an ensuite bath with a huge double vanity, separate shower, garden tub, and an expansive Texas-sized walk-in closet-one of the largest in the community. Upstairs, discover a second living area wired for theater sound, along with three additional bedrooms. One fo the bedrooms has an ensuite bath, and the other 2 bedrooms have a jack and jill style bathroom for added functionality, and providing ample space for family and guests. The oversized 19' x 22' two-car garage includes heavy-duty shelving that can remain for extra storage, and an inviting and functional mud space off the garage entry, coming into the kitchen and laundry area adds convenience. Step out back to your private oasis-an east-facing backyard that avoids the afternoon sun, featuring a large covered patio perfect for barbecues and gatherings. This corner lot home can allow side access to the backyard, perfect for boat or RV owners. Additional Features: * Stone front and 4-sides brick exterior for enhanced curb appeal and improved maintenance. * Kinetico water softener is included for added comfort and appliance longevity. * Two water heaters for consistent hot water supply. * Two separate thermostats for efficient climate control. * Plumbing for a utility sink in the laundry is ready to go right behind the sheetrock. * Multiple linen closets and easy attic access for additional storage. * One of the two neighborhood park/playground is just down the street. Located minutes from Old Town Helotes, La Cantera, and UTSA, and within the boundaries of NISD O'Connor High School and Helotes Elementary, this home is the perfect blend of style, space, and location.
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Location
Property Details
Parking
- Description: Two Car Garage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
Exterior Features
- Foundation: Slab
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: LANTANA OAKS HOA
- HOA Fee: $112/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 044810110170
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story
- Year Built: 2014
Tax Information
- Annual Tax: $8,909
Utilities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Bexar
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,078
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.9%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -6.6%
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:
| $515,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$412,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $103,000 |
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:
| $15,450 |
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:
| $118,450 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,276 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $157 |
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:
| $0.95 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $412,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $2,437 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $742 |
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.
Insurance:
| $217 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly 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. Monthly payment:
| $3,396 |
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:
| $3,100 | $37,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$186 | -$2,232 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,914 | $34,968 |
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. | 24% | -$742 | -$8,909 |
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% | -$217 | -$2,604 |
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% | -$248 | -$2,976 |
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% | -$155 | -$1,860 |
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% | -$155 | -$1,860 |
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. | 1% | -$38 | -$456 |
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 | 50% | -$1,555 | -$18,665 |
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:
| $1,359 | $16,308 |
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. | -$2,437 | -$29,244 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,078 | -$12,936 |