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$324,000

For Sale - Active
2964 Grove Ter, Seguin, TX 78155
3 Beds
2 Baths
1,731 Square Feet
0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 29, 2025 at 10:00AM

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
3.6%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Property Description


0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a

This beautifully maintained single-story home offers 3 spacious bedrooms and 2 full bathrooms, all within a bright, open floor plan filled with natural light. The private office, tucked away near the master suite at the back of the home, features elegant double doors-perfect for working from home in peace. The master bedroom includes a ceiling fan, multiple closets, and a generous walk-in, while the ensuite bath boasts double vanities and a large glass-enclosed shower. The two additional bedrooms are located at the front of the home and share a Jack and Jill bathroom. A cozy mud room, utility room, and convenient closet greet you at the entry. The kitchen, complete with an island and corner pantry, opens into the dining and family rooms. Outdoor living is enhanced by a covered patio and a custom-built 1212 shop in the backyard with 8-ft ceilings-ideal for storage or creative projects. Additional highlights include a two-car garage and community park/playground access.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: THE VILLAGE OF MILL CREEK HOA
  • HOA Fee: $250/annually

Land Information

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

Lot Information

  • Parcel ID: 1G3404200011500000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story
  • Year Built: 2019

Tax Information

  • Annual Tax: $6,344

Utilities

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

Location

  • County: Guadalupe

Listing Details


Listed by:
Shane Neal
eXp Realty
(210) 982-0405

Source:
San Antonio Board of REALTORS
MLS#: 1878423
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$717
Cap Rate
3.6%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Purchase Details

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Purchase price:
$324,000
Amount financed:
-$259,200
Down payment:
$64,800
Closing costs:
$9,720
Rehab costs:
$0
Initial cash invested:
$74,520
Square feet:
1,731
Cost per square foot:
$187
Monthly rent per square foot:
$1.27

Financing Details

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Loan amount:
$259,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.770%
Principal & interest:
$1,685
Property tax:
$529
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,368

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$529-$6,345
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (1%)
1%-$21-$252
Total operating expenses: (50%)
50%-$1,100-$13,197

Cash Flow


Monthly Yearly
Net operating income:
$968 $11,616
Mortgage payments:
-$1,685 -$20,220
Cash flow:
$717 $8,604