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$349,900

For Sale - Active
1589 Hillcrest Frst, Canyon Lake, TX 78133
3 Beds
2 Baths
1,704 Square Feet
0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 04, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$551
Cap Rate
3.8%
Cash-on-Cash Return
-8.2%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.0%

Property Description


0.00 Acres Lot
Built in 2022
For Sale - Active
Units n/a

Meticulously built and cared for by the current owners, this custom Hill Country-chic retreat offers a perfect escape from the Texas heat. Step inside to over 1,700 sq. ft. of luxurious living space with high-end upgrades throughout: waterproof and scratch-resistant luxury vinyl plank (LVP) flooring, spray foam insulation for sound and climate control, a standalone electric fireplace for cooler days, remote-control ceiling fans, and UV-tinted windows. The interior features an open floor plan with a flexible living area, a spacious and functional kitchen with upgraded appliances (refrigerator included!), and an optional office or third bedroom. Outside, enjoy two covered patios with elegant tongue-and-groove ceilings and a deck-perfect for relaxing or entertaining. All this on a 0.21-acre lot, studded with fruit trees and fully enclosed with privacy and hog-panel fencing to keep your furry family members safe. Septic drip lines are buried in the front yard, forming a low-maintenance irrigation system. Located just a short walk from Comal Park and several boat ramps, this property is made for enjoying lake life and the nearby shopping and dining in Startzville. Get it now before lake levels (and prices) potentially rise again!

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Location


Property Details


Parking

  • Description: NoGarage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Composition
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: CANYON LAKE FOREST POA
  • HOA Fee: $75/annually

Land Information

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

Lot Information

  • Parcel ID: 130210001500
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story, Traditional
  • Year Built: 2022

Tax Information

  • Annual Tax: $5,714

Utilities

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

Location

  • County: Comal

Listing Details


Listed by:
Trey Hancock
Reliance Residential Realty -
(830) 980-5944

Source:
San Antonio Board of REALTORS
MLS#: 1867335
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$551
Cap Rate
3.8%
Cash-on-Cash Return
-8.2%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.0%

Purchase Details

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Purchase price:
$349,900
Amount financed:
-$279,920
Down payment:
$69,980
Closing costs:
$10,497
Rehab costs:
$0
Initial cash invested:
$80,477
Square feet:
1,704
Cost per square foot:
$205
Monthly rent per square foot:
$1.35

Financing Details

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Loan amount:
$279,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,656
Property tax:
$476
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,293

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: (21%)
21%-$476-$5,714
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: (0%)
0%-$6-$72
Total operating expenses: (46%)
46%-$1,057-$12,686

Cash Flow


Monthly Yearly
Net operating income:
$1,105 $13,260
Mortgage payments:
-$1,656 -$19,872
Cash flow:
$551 $6,612