$2,250,000
Investment Summary
- Monthly Cash Flow
- -$7,510
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.4%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -12.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
This stunning 4 bedroom, 3.5 bath custom crafted estate, built in 2014 by River Hills Custom Homes, is a true sanctuary of elegance and tranquility. Nestled on 5.54 secluded acres, this exceptional property offers unparalleled privacy and luxury. From its barreled cement tile roof to its artisan woodwork, every inch of this home was designed with meticulous attention to detail. Step through the grand arched metal front doors into a gated courtyard, where a tranquil fountain and garden space create an inviting entryway. Inside, soaring 18-foot vaulted ceilings with magnificent Douglas Fir wood beams set the tone for the home's warm yet sophisticated ambiance. Natural light floods the living space, highlighting the rich hardwood floors that flow seamlessly throughout. The dining room features a hand scraped, painted ceiling, adding a unique touch of elegance to the home's carefully curated design. The chef's kitchen is a perfect blend of form and function, designed for both culinary excellence and everyday convenience. At its heart, a Thermador gas range with six burners, a griddle, and a pot filler is framed by natural stone, creating a stunning focal point. Two dishwashers, a trash compactor, and custom cabinetry crafted from elegant painted maple wood elevate the space with both beauty and practicality. Double islands provide ample workspace for meal prep, while two farmhouse sinks ensure effortless cleanup. The primary suite is a private retreat designed for ultimate comfort and relaxation. The spa inspired bathroom features a luxurious steam shower with a rain shower head, a deep Jetta Garden Tub, and quartz countertops with his and hers vanities. Custom built-ins provide thoughtful storage, including pull out cabinets with electrical outlets and a heated towel rack for a true spa experience. His and Hers closets are nothing short of spectacular, with the primary closet spanning 15 by 11 feet and featuring a custom-built island, while the secondary measures 14 by 7 feet with floor to ceiling shelving. The three secondary bedrooms all offer large walk in closets and provide unique accommodations, with a guest suite featuring 2 private entrances and direct access to the pool area and its own courtyard. The remaining two bedrooms share a Jack and Jill bathroom and each have their own courtyard access, creating a seamless indoor - outdoor living experience. Designed for entertainment, the game room is an entertainers dream, boasting a wet bar, wine refrigerator, built in ice maker, and exquisite glass front lighted cabinetry. Throughout the home, smart features and premium amenities enhance everyday living. A whole house water filtration system ensures high quality water, while an in wall vacuum system makes cleaning effortless. The home is wired for surround sound, with speakers in the living room, game room, primary suite, and outdoor patio. Ethernet connections in every room provide seamless connectivity, and a Ring Security system with exterior cameras offers peace of mind. A gas fireplace anchors the outdoor lounge, while the gourmet outdoor kitchen is equipped with both a gas and wood-burning grill, perfect for hosting unforgettable gatherings. The centerpiece of the expansive backyard is the breathtaking 21,000-gallon Cody Pool, complete with a waterfall feature, sunbathing shelf, and volleyball-ready depth. As the sun sets, guests can gather around the natural wood-burning fire pit, surrounded by the peaceful beauty of the countryside. The oversized three car garage offers an additional W/D hook up location. A dedicated water well and storage tank offer self sufficiency, while an additional workshop provides extra storage for tools and equipment. This extraordinary home blends luxury, comfort, and impeccable craftsmanship, offering a truly unparalleled living experience in Waggener Ranch. Schedule your private showing today and discover the perfect balance of sophistication and serenity in this exceptional estate.
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Location
Property Details
Parking
- Description: Three Car Garage, Attached, Side Entry, Oversized
- Details: Garage Door Opener, Oversized, Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Combination
- Foundation: Slab
- Roof Type: Hip
- Pool: Yes
HOA
- Has HOA: Yes
- Association: WAGGENER RANCH HOMEOWNERS ASSOCIATION
- HOA Fee: $1,053/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 560190007900
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: One Story
- Year Built: 2014
Tax Information
- Annual Tax: $27,530
Utilities
- Heating: Central, Electric, Propane
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Comal
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,510
- Cap Rate
- 1.7%
- Cash-on-Cash Return
- -17.4%
- Debt Coverage Ratio
- 0.29
- Internal Rate of Return (5 years)
- -12.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $2,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,800,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $450,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $67,500 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $517,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,852 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $464 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.65 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,800,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 5.875% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $10,648 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,294 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $560 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $13,502 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 29% | -$2,294 | -$27,530 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$560 | -$6,720 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$640 | -$7,680 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$400 | -$4,800 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$400 | -$4,800 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 1% | -$88 | -$1,056 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 55% | -$4,382 | -$52,586 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $3,138 | $37,656 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$10,648 | -$127,776 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,510 | $90,120 |