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$680,000

For Sale - Active
24531 Ripple Way, Garden Ridge, TX 78266
3 Beds
3 Baths
2,761 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Sep 22, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$1,722
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

24531 Ripple Way offers the perfect blend of Hill Country charm and modern convenience, now featuring a brand-new roof added in July 2025. Located behind controlled access gates in the desirable Seven Hills Ranch community of Comal County, this 1.3-acre retreat includes a spacious 3-bedroom layout with a dedicated study, ideal for working from home. An open-concept interior anchored by a cozy fireplace creates a welcoming space for everyday living and entertaining. Outside, enjoy your own private oasis with an in-ground pool, gazebo, and storage shed, surrounded by mature trees and the natural beauty of the Texas Hill Country. A water softener system enhances comfort, while the property's prime location offers easy access to both San Antonio and New Braunfels. From tubing the Guadalupe and Comal Rivers to enjoying Schlitterbahn, Whitewater Amphitheater, and the charm of Gruene, this home delivers a lifestyle as relaxing as it is exciting.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: SEVEN HILLS RANCH
  • HOA Fee: $450/annually

Land Information

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

Lot Information

  • Parcel ID: 130119004100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story
  • Year Built: 2005

Tax Information

  • Annual Tax: $9,740

Utilities

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

Location

  • County: Comal

Listing Details


Listed by:
Joe Burrage
Keller Williams Heritage
(210) 383-1246

Source:
San Antonio Board of REALTORS
MLS#: 1861326
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$1,722
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$680,000
Amount financed:
-$544,000
Down payment:
$136,000
Closing costs:
$20,400
Rehab costs:
$0
Initial cash invested:
$156,400
Square feet:
2,761
Cost per square foot:
$246
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$544,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,218
Property tax:
$812
Insurance:
$238
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,268

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,400 $40,800
Vacancy loss: (6%)
6% -$204 -$2,448
Operating income:
$3,196 $38,352

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$812-$9,740
Insurance: (7%)
7%-$238-$2,856
Property management: (8%)
8%-$272-$3,264
Repairs & maintenance: (5%)
5%-$170-$2,040
Capital expenditures: (5%)
5%-$170-$2,040
HOA fees: (1%)
1%-$38-$456
Total operating expenses: (50%)
50%-$1,700-$20,396

Cash Flow


Monthly Yearly
Net operating income:
$1,496 $17,952
Mortgage payments:
-$3,218 -$38,616
Cash flow:
-$1,722 -$20,664