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$579,900

For Sale - Active
1909 Grand Cyn, Lampasas, TX 76550
4 Beds
3 Baths
2,816 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Sep 27, 2025 at 10:03AM

Investment Summary


Monthly Cash Flow
-$1,250
Cap Rate
3.1%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-6.9%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Welcome to your dream home in the highly sought-after Diamond Ridge Subdivision! Now offering up to $10,000 in concessions towards buyer closing costs and/or rate buy down!!! This stunning property offers the perfect blend of comfort, elegance, and outdoor luxury. Step inside and experience the spacious open floor plan designed for both everyday living and entertaining. The kitchen features custom cabinets, granite countertops, and a recently updated glass cooktop. The master suite is a true retreat with a large bedroom area, on-suite bathroom with a sunken garden tub, separate vanity sinks and a huge walk-in closet with custom built-in cabinetry. With three additional bedrooms, a small office, dining room, breakfast nook, craft room and mud room, this home has space for everyone. Your personal outdoor retreat includes an oversized covered patio with a fully equipped outdoor kitchen that overlooks a fantastic in-ground pool. Enjoy the cabana with its own fireplace, perfect for cool-weather lounging or hanging out by the pool. Additional features include an outdoor building with a mini split system — ideal for a separate office, workout space, or storage/garage area. Situated on a beautiful wooded lot in a quiet cul-de-sac, this gem is also just minutes from Hancock Park Golf Course, groceries and down town Lampasas. Don’t miss your chance to own this incredible property!

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Location


Property Details


Parking

  • Description: Garage, Oversized
  • 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 Rooms: 10
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition, Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 17989
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2002

Tax Information

  • Annual Tax: $8,571

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Lampasas

Listing Details


Listed by:
Andrew Baker
Oaks of Texas Real Estate, LLC
(254) 228-7450

Source:
Central Texas MLS (CTXMLS)
MLS#: 583673
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$1,250
Cap Rate
3.1%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-6.9%

Purchase Details

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Purchase price:
$579,900
Amount financed:
-$463,920
Down payment:
$115,980
Closing costs:
$17,397
Rehab costs:
$0
Initial cash invested:
$133,377
Square feet:
2,816
Cost per square foot:
$206
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$463,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,744
Property tax:
$714
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,682

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$714-$8,571
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$1,514-$18,171

Cash Flow


Monthly Yearly
Net operating income:
$1,494 $17,928
Mortgage payments:
-$2,744 -$32,928
Cash flow:
-$1,250 -$15,000