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$375,000

For Sale - Active
209 Derby Dr, Boerne, TX 78006
3 Beds
3 Baths
1,890 Square Feet
0.00 Acres Lot
Built in 2013
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 31, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
-$647
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Property Description


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

Welcome to this charming, beautifully maintained 3 bedroom, 2.5 bathroom home nestled in one of Boerne's sought-after neighborhoods. From the moment you step inside, you'll be greeted by a warm and inviting atmosphere, with thoughtful updates and charm throughout. The first story features an open layout with upgraded finishes including wood flooring and a neutral color palette that is flooded with natural light. Open to the dining room, the bright kitchen features granite countertops, modern appliances, ample cabinet space, and space for both relaxing and entertaining. Upstairs, the generous primary suite includes a private en-suite bathroom with a large walk-in shower and closet. Two additional bedrooms provide plenty of space for family, guests, or a home office. The loft offers a flexible space for relaxation or play. The home is in an incredible location, just minutes from walking trails and Boerne's Main Street. The backyard boasts a covered patio, along with an ample sized backyard to serve multiple purposes. Schedule your showing today for this incredible home!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: SADDLEHORN HOA
  • HOA Fee: $250/annually

Land Information

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

Lot Information

  • Parcel ID: R290046
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story, Traditional
  • Year Built: 2013

Tax Information

  • Annual Tax: $6,914

Utilities

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

Location

  • County: Kendall

Listing Details


Listed by:
Elizabeth Collins
Keller Williams City-View
(210) 478-1876

Source:
San Antonio Board of REALTORS
MLS#: 1884655
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$647
Cap Rate
3.6%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
1,890
Cost per square foot:
$198
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,775
Property tax:
$576
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,526

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$576-$6,914
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (1%)
1%-$21-$252
Total operating expenses: (49%)
49%-$1,222-$14,666

Cash Flow


Monthly Yearly
Net operating income:
$1,128 $13,536
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$647 $7,764