$555,000
Investment Summary
- Monthly Cash Flow
- -$2,142
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.1%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.4%
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
Location, location, location! Discover this stunning, meticulously restored historic residence, where timeless craftsmanship meets modern luxury. Thoughtfully renovated from the ground up, this turnkey home features fully updated foundation, roof, HVAC, plumbing, electrical, and water heater-all completed with permits for your peace of mind. Enhanced with premium smart home technology, including a smart thermostat, Wi-Fi-enabled stove, keypad-entry smart lock, video doorbell, five exterior Ring floodlight cameras, the home delivers both security and convenience. Plus, the home is Google Fiber-ready for high-speed connectivity. Located in the highly desirable Los Angeles Heights-Keystone neighborhood, just minutes from Monticello Park, downtown San Antonio, and the South Texas Medical Center, this home offers historic charm and effortless access to the city's best dining, entertainment, and cultural destinations. The exterior showcases refinished original hardwood siding, restored to elevate curb appeal while preserving the home's classic character. Inside, enjoy the warmth of refinished original hardwood floors and preserved wood-framed windows, complemented by recessed lighting and a bright open-concept layout perfect for everyday living and entertaining. The designer kitchen showcases quartz countertops, an oversized island, Wi-Fi-enabled stove, updraft vent hood, and a pre-installed water line for a future pot filler-delivering both style and function. The floor plan includes three spacious bedrooms, a dedicated office, 2.5 beautifully remodeled bathrooms, and a laundry room, the home is designed with both style and comfort in mind. The primary suite is a true retreat, complete with double vanities with backlit mirrors, a spa-inspired walk-in shower, and a generous walk-in closet. The laundry room adds convenience with a utility sink and water softener connections, for future convenience. Outdoors, enjoy a large backyard ideal for entertaining or relaxation, along with a detached covered carport for shaded parking. The backyard also offers ample space for a future garage or guest suite, offering exciting expansion potential. This is a rare opportunity to own a fully renovated, smart-enabled historic home where original charm meets modern innovation in one of San Antonio's most vibrant, centrally located neighborhoods. Schedule your private tour today! Location & Lifestyle Perfectly situated near San Antonio's best: -Minutes from downtown, the San Antonio River Walk, and South Texas Medical Center -Close to popular restaurants like The Cove and Mi Tierra Cafe y Panaderia -Grocery shopping at nearby H-E-B (2118 Fredericksburg Rd) just 5 minutes away -Easy access to Henry B. Gonzalez Convention Center, Alamodome, and Frost Bank Center (within 10-12 minutes) -Explore vibrant Southtown arts district and historic Aztec Theatre -Nightlife on St. Mary's Strip just a 10-minute drive -Family fun nearby at Six Flags Fiesta Texas, La Cantera Outlets, and SeaWorld San Antonio -San Antonio International Airport about 15 minutes away
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Location
Property Details
Parking
- Description: One Car Garage, Detached
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 7
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 027590650110
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: One Story
- Year Built: 1930
Tax Information
- Annual Tax: $7,442
Utilities
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Bexar
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,142
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -20.1%
- Debt Coverage Ratio
- 0.18
- Internal Rate of Return (5 years)
- -15.4%
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:
| $555,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$444,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $111,000 |
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:
| $16,650 |
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:
| $127,650 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,700 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $326 |
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:
| $444,000 |
|---|---|
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:
| $2,626 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $620 |
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:
| $112 |
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:
| $3,358 |
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:
| $1,600 | $19,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$96 | -$1,152 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,504 | $18,048 |
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. | 39% | -$620 | -$7,442 |
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% | -$112 | -$1,344 |
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% | -$128 | -$1,536 |
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% | -$80 | -$960 |
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% | -$80 | -$960 |
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. | n/a | n/a | n/a |
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 | 64% | -$1,020 | -$12,242 |
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:
| $484 | $5,808 |
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. | -$2,626 | -$31,512 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,142 | $25,704 |