$2,679,000
Investment Summary
- Monthly Cash Flow
- -$7,936
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -10.9%
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
Presenting an exceptional LUXURY EQUESTRIAN ESTATE - this private retreat seamlessly blends incredible horse facilities with refined living, offering a perfect balance of tranquility and sophisticated lifestyle. Set on 5 thoughtfully designed acres, this 5,287 sq ft single-story residence is a true designer's masterpiece, showcasing Spanish flair with Texas Hill Country charm. The home offers an open-concept layout with high-end finishes throughout, including beautiful stone and trending hardwood floors that complement the stunning interior. This estate is located in the highly sought-after Waggener Ranch community, which spans 850 pristine acres and is home to over 200 exotic animals. At the heart of the home is a gourmet kitchen, perfect for both the passionate chef and the avid entertainer. The kitchen features WiFi-enabled Thermador appliances, including a 48" gas range, dual ovens, and a built-in espresso machine. The 7' tall wine fridge is flanked by full-sized Thermador custom paneled refrigerator and freezer units. The massive quartz-topped center island is an ideal gathering place, while the walk-in pantry ensures there's ample space to organize your ingredients in style. Additionally, the reverse osmosis water filtration system ensures only the purest water for both cooking and drinking. The primary suite offers a serene retreat, designed for ultimate relaxation and comfort. This expansive space features private access to the outdoors, while the spa-inspired primary bath is a masterpiece, with waterfall marble vanity, a freestanding soaking tub, and an intricately tiled walk-in shower. The suite also includes dual walk-in closets, providing ample space for organization, and a convenient secondary laundry area that is accessible directly through the closet, making laundry day a breeze. Every detail in the suite was carefully crafted for luxury and functionality. Each of the secondary bedrooms has its own en-suite bath with luxury finishes and walk-in closets, while two half-baths cater to guests. The game room and bar area, complete with a cozy fireplace and wet bar, leads to a pre-wired media room-perfect for movie nights or a cozy retreat. The impeccably designed office, located at the front of the home, is spacious and exudes an elegant masculine charm, featuring rich wood trim on the walls. Step outside to enjoy the Hill Country views from the expansive back patio, which leads to a two-story observation deck. The home's outdoor living space also features a brand-new pool with a jacuzzi and fire feature, crafted by Texas' top pool builders Infinity Pools and comes with a five-year transferable warranty. This exceptional estate is designed for ultimate efficiency, featuring a Daikin commercial HVAC system (three units, two years old), blown foam insulation in the attic, and a new 900 ft deep well tapping into the Trinity Aquifer, complete with a heavy metal filter, booster pump, pressure tank, and water softener. A 2500-gallon cistern ensures ample water supply for both the home and the equestrian facilities. For equestrian enthusiasts, the 3-horse barn offers a climate-controlled tack room and feed room as well as 12x12 hay storage, with automatic waterers in each stall. The property is fenced and cross-fenced with King Ranch-style fencing, creating four zones for horses. The 70x120 ft arena, featuring Trutex and sand footing, ensures optimal training conditions. With a cement tile roof and stucco exterior, the barn is as durable and luxurious as the home itself. The driveway to the barn is chip-sealed and large enough for large trailers and deliveries to easily turn around. This property offers a rare combination of luxury, privacy, and equestrian functionality, making it the ultimate destination for those seeking the finest in Texas living. Whether you are a passionate equestrian or simply seeking a peaceful sanctuary with world-class amenities, this estate is truly a once-in-a-lifetime oppor
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Location
Property Details
Parking
- Description: Attached, CircularDriveway, DoorMulti, Garage, GarageDoorOpener, GarageFacesSide
- Details: Garage Door Opener, Circular Driveway
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 12
- # 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 POA
- HOA Fee: $1,056/annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 560190001100
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: One Story, Texas Hill Country
- Year Built: 2012
Tax Information
- Annual Tax: $1
Utilities
- Water & Sewer: Private, Well
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Comal
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,936
- Cap Rate
- 2.1%
- Cash-on-Cash Return
- -15.5%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -10.9%
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:
| $2,679,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,143,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $535,800 |
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:
| $80,370 |
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:
| $616,170 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,287 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $507 |
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:
| $1.32 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,143,200 |
|---|---|
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:
| $12,678 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $0 |
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:
| $490 |
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:
| $13,168 |
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:
| $7,000 | $84,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$420 | -$5,040 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,580 | $78,960 |
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. | 0% | n/a | -$2 |
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% | -$490 | -$5,880 |
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% | -$560 | -$6,720 |
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% | -$350 | -$4,200 |
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% | -$350 | -$4,200 |
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 | 26% | -$1,838 | -$22,058 |
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:
| $4,742 | $56,904 |
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. | -$12,678 | -$152,136 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,936 | $95,232 |