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$1,200,000

Under Contract
240 Lake Ridge Dr, Seguin, TX 78155
4 Beds
3 Baths
3,219 Square Feet
0.00 Acres Lot
Built in 1971
Under Contract
Units n/a
Checked: 1 day ago
Updated: Jul 12, 2025 at 05:44AM

Investment Summary


Monthly Cash Flow
-$4,132
Cap Rate
1.5%
Cash-on-Cash Return
-18.0%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.4%

Property Description


0.00 Acres Lot
Built in 1971
Under Contract
Units n/a

Lakefront living at its finest! This stunning 4-bedroom, 2.5-bath home sits on an expansive lot along the coveted shores of Lake McQueeney. Enjoy breathtaking water views from your private deck perched above the boat dock-perfect for relaxing or entertaining. The spacious interior offers a flowing layout with generous living spaces and plenty of natural light. Step outside to your backyard paradise with direct lake access, mature trees, and room to roam. Whether you're seeking a weekend retreat or a full-time lakeside escape, this property delivers the ideal blend of comfort, space, and Texas Hill Country charm. A rare find on Lake McQueeney-don't miss this opportunity!

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: LAKE RIDGE HOA
  • HOA Fee: $309/annually

Land Information

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

Lot Information

  • Parcel ID: 1G1750000002800000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story
  • Year Built: 1971

Tax Information

  • Annual Tax: $10,103

Utilities

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

Location

  • County: Guadalupe

Listing Details


Listed by:
Logan Gregan
United Realty Group of Texas, LLC
(210) 284-1503

Source:
San Antonio Board of REALTORS
MLS#: 1877613
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$4,132
Cap Rate
1.5%
Cash-on-Cash Return
-18.0%
Debt Coverage Ratio
0.27
Internal Rate of Return (5 years)
-13.4%

Purchase Details

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Purchase price:
$1,200,000
Amount financed:
-$960,000
Down payment:
$240,000
Closing costs:
$36,000
Rehab costs:
$0
Initial cash invested:
$276,000
Square feet:
3,219
Cost per square foot:
$373
Monthly rent per square foot:
$1.09

Financing Details

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Loan amount:
$960,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,679
Property tax:
$842
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,766

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$842-$10,104
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (1%)
1%-$26-$312
Total operating expenses: (50%)
50%-$1,743-$20,916

Cash Flow


Monthly Yearly
Net operating income:
$1,547 $18,564
Mortgage payments:
-$5,679 -$68,148
Cash flow:
$4,132 $49,584