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$358,000

For Sale - Active
11648 Northern Star Rd, Schertz, TX 78154
4 Beds
3 Baths
2,189 Square Feet
0.00 Acres Lot
Built in 2013
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Sep 29, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$909
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Property Description


0.00 Acres Lot
Built in 2013
For Sale - Active
Units n/a

This meticulously maintained home offers a standout floor plan featured as Lennar's popular model home -move-in ready and packed with value due to custom upgrades. Nestled on a level lot that backs to a peaceful green space. This home offers privacy in the backyard. Inside, enjoy an open-concept layout with high ceilings, energy-efficient features like ceiling fans and a programmable thermostat, and custom finishes throughout which includes upgraded kitchen cabinets. Lennar's signature "All Included" features shine here: stainless steel appliances, upgraded granite kitchen counters, crown molding, designer tile backsplash, 18 staggered tile flooring in living areas and Lifeproof flooring in bedrooms (No Carpet), and a luxurious jetted garden tub in the master bath. The full sprinkler system keeps the yard looking its best, while the extended 12 16 patio slab expands your outdoor living space-ideal for entertaining. The wood fence was replaced and stained in 2023. Feb 2025 a new tankless water heater was installed. This home checks all the boxes for style, comfort, and convenience. A must-see for buyers seeking turnkey living in a serene setting!

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Location


Property Details


Parking

  • Description: Two Car Garage, Attached
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: WILLOW GROVE
  • HOA Fee: $350/annually

Land Information

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

Lot Information

  • Parcel ID: 050584020140
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story
  • Year Built: 2013

Tax Information

  • Annual Tax: $9,271

Utilities

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

Location

  • County: Bexar

Listing Details


Listed by:
Sara Tolvanen
eXp Realty
(210) 445-5697

Source:
San Antonio Board of REALTORS
MLS#: 1887000
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$909
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$358,000
Amount financed:
-$286,400
Down payment:
$71,600
Closing costs:
$10,740
Rehab costs:
$0
Initial cash invested:
$82,340
Square feet:
2,189
Cost per square foot:
$164
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$286,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,694
Property tax:
$773
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,628

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (34%)
34%-$773-$9,271
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (1%)
1%-$29-$348
Total operating expenses: (60%)
60%-$1,377-$16,519

Cash Flow


Monthly Yearly
Net operating income:
$785 $9,420
Mortgage payments:
-$1,694 -$20,328
Cash flow:
-$909 -$10,908