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$1,350,000

For Sale - Active
142 Wizard Way, Spring Branch, TX 78070
4 Beds
4 Baths
4,245 Square Feet
0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Jun 03, 2025 at 01:17AM

Investment Summary


Monthly Cash Flow
-$4,023
Cap Rate
2.7%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.0%

Property Description


0.00 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Welcome to this striking custom-built estate perched atop 2.16 acres in the prestigious Mystic Shores community of Spring Branch-offering commanding views of Canyon Lake and over 4,200 square feet of sophisticated living. Built in 2020 and gently lived in by the builder himself, this home blends modern elegance with thoughtful craftsmanship throughout. Step inside through solid metal and glass doors into soaring 22-foot ceilings, porcelain floors that flow seamlessly from room to room, and a surround sound system wired throughout the home-including the garage and outdoor patio-for an immersive audio experience. This 4-bedroom, 3.5-bath masterpiece features two primary suites, top-of-the-line cabinetry, stunning granite countertops, and a chef's kitchen ready to impress. A 2-car garage is connected by a breezeway to a separate 4-car garage-perfect for car collectors, hobbyists, or future casita conversion. Set on a beautifully elevated 2.16-acre lot, you'll enjoy unmatched privacy, panoramic lake views, and ample space to create your outdoor dream retreat. Plus, Mystic Shores offers resort-style amenities including lakeside parks, a community pool, tennis and sports courts, and playgrounds. This is more than a home-it's a rare opportunity to live elevated, both in lifestyle and location.

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Location


Property Details


Parking

  • Description: AttachedCarport, Attached, Carport, DoorMulti, GarageFacesFront, Garage, GarageDoorOpener, Oversized
  • Details: Garage Door Opener, Attached, Detached
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: MYSTIC SHORES PROPERTY OWNERS ASSOCIATION
  • HOA Fee: $414/annually

Land Information

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

Lot Information

  • Parcel ID: 360150010100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story, Contemporary, Texas Hill Country
  • Year Built: 2020

Tax Information

  • Annual Tax: $15,090

Utilities

  • Heating: Central, Electric, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Comal

Listing Details


Listed by:
Eliza King
Keller Williams Legacy
(210) 844-3292

Source:
San Antonio Board of REALTORS
MLS#: 1871932
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$4,023
Cap Rate
2.7%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$1,350,000
Amount financed:
-$1,080,000
Down payment:
$270,000
Closing costs:
$40,500
Rehab costs:
$0
Initial cash invested:
$310,500
Square feet:
4,245
Cost per square foot:
$318
Monthly rent per square foot:
$1.48

Financing Details

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Loan amount:
$1,080,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$7,077
Property tax:
$1,258
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,776

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$1,258-$15,090
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (1%)
1%-$35-$420
Total operating expenses: (46%)
46%-$2,868-$34,410

Cash Flow


Monthly Yearly
Net operating income:
$3,054 $36,648
Mortgage payments:
-$7,077 -$84,924
Cash flow:
$4,023 $48,276