$535,000
Investment Summary
- Monthly Cash Flow
- -$1,608
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.2%
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
2990 SF one story Gehan built home on a 1/4 ac lot in the highly sought after Willow Grove Estates in Schertz, TX has just entered the market. This home's architectural appeal is emphasized by soaring ceiling, light-filled open living areas with fireplace, two distinct dining areas, allowing for both formal and informal meals. A grand foyer with French doors opening to a dedicated office space which creates an impressive entrance. A roomy master suite with three additional bedrooms, and 2-1/2 baths. A well-equipped kitchen with a large island will serve as a central point for gathering of friends, family and preparation of food. Mudroom and laundry room add two additional practical spaces. A large covered patio offers a comfortable space for outdoor relaxation and entertaining. A two-car attached garage provides convenient and secure parking. There are many energy-efficient features like Low-E3 glazed windows, energy-efficient appliances, and solar panels which improve a home's comfort, can reduce utility bills, plus leave a smaller carbon footprint. The features that make a house truly special can vary depending on personal preferences and lifestyle, but several elements stand out in this home: A Chef's Dream Kitchen Efficiency: The ample workspace, custom cabinetry featuring ShelfGenie storage solutions and well-equipped appliances allow for streamlined meal preparation, even for complex dishes and large quantities. Entertainment Hub: The large island and spacious layout are perfect for hosting gatherings, allowing guests to interact with the cook and enjoy food and drinks comfortably. Holiday preparedness: The double ovens and generous countertop space are especially beneficial for preparing holiday feasts, minimizing stress and maximizing enjoyment. Breakfast Room: This room enlarges the kitchen space and features buffet-style cabinetry. 10 Foot Kitchen Island: Along with the additional storage the island adds to the overall prep space making approximately 30 feet of countertop space. In essence, this kitchen blends functionality with elegance to create a space that empowers serious culinary endeavors and transforms meal preparation into a pleasurable experience, while also serving as a welcoming environment for entertaining family and friends. Oversized Living Area Living Room: A 19 x 25-foot living area complete with an upgraded stone-clad gas fireplace, high ceilings, wired for home theater and has a complete open connection to the kitchen and dining spaces. Doggy door: Located in the living room and with easy access to the backyard allowing pet owners more flexibility in their daily routines of letting their furry friend in and out of the home. Extended Patio Space: A door leads directly from the living room into the builder upgraded covered patio area. Dedicated Office Space Distinct Area: It's not a kitchen table or a bed; the office provides a private environment situated away from the Living Areas off the main Foyer for completing work or study. Mudroom Enhances Organization: The mudroom is off the garage entry with a convenient 1/2 bath and large laundry room helps keep the main living areas cleaner it is a buffer between the garage and the main house, providing a dedicated space to shed dirty shoes, coats, and backpacks. Owner's Suite Master Suite: A light-filled 15 x 17-foot master suite with a soaring ceiling combines spaciousness with a grand, airy atmosphere. Ensuite: Luxurious, full-featured master bathroom, designed for comfort and privacy to include; Dual Vanities, Soaking Tub, Walk-In Shower, Private Loo. Walk-In-Closet: A 15x12-foot walk-in closet is a very generous size, offering 180 square feet of floor space. It is more than large enough for two people and is equipped with organizational shelving. Three Additional Bedrooms Bedroom Two and Three: Are nicely sized bedrooms which feature a Jack and Jill bathroom which is a fu
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage Door Opener, Attached, Garage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Foundation: Slab
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: WILLOW GROVE HOMEOWNERS ASSOCIATION, INC
- HOA Fee: $354/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 050583040200
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: One Story, Contemporary
- Year Built: 2014
Tax Information
- Annual Tax: $11,732
Utilities
- Water & Sewer: Public
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Bexar
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,608
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.7%
- Debt Coverage Ratio
- 0.36
- Internal Rate of Return (5 years)
- -11.2%
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:
| $535,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$428,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $107,000 |
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:
| $16,050 |
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:
| $123,050 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,990 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $179 |
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:
| $0.94 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $428,000 |
|---|---|
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:
| $2,532 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $978 |
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:
| $196 |
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:
| $3,706 |
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:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
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. | 35% | -$978 | -$11,732 |
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% | -$196 | -$2,352 |
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% | -$224 | -$2,688 |
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% | -$140 | -$1,680 |
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% | -$140 | -$1,680 |
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% | -$30 | -$360 |
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 | 61% | -$1,708 | -$20,492 |
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:
| $924 | $11,088 |
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. | -$2,532 | -$30,384 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,608 | $19,296 |