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$1,300,000

For Sale - Active
398 Red Bird Ln, Kingsbury, TX 78638
3 Beds
3 Baths
2,462 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 20, 2025 at 03:02AM

Investment Summary


Monthly Cash Flow
-$3,979
Cap Rate
2.0%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-11.4%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Unique custom built, split level home on the San Marcos river with 90' of river frontage. Over 2400 square ft 2 story home with a lower level 10' x 42' carport and a closed in garage with a basement. Three bed, three bath home with beamed ceilings, hardwood floors and an open floorplan. Enjoy the upstairs game room and the 10' x 16' sun deck. There is a 10' x 42' covered deck with a great view of the river. Take a boat or canoe ride, swim. fish or just relax in a tube. Expansive river bottom for entertaining family and friends.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Hip
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 1G2650000001700000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story, Split Level, Craftsman
  • Year Built: 2006

Tax Information

  • Annual Tax: $6,218

Utilities

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

Location

  • County: Guadalupe

Listing Details


Listed by:
Ginger Robbins
Riata Real Estate
(512) 680-9313

Source:
San Antonio Board of REALTORS
MLS#: 1855681
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$3,979
Cap Rate
2.0%
Cash-on-Cash Return
-16.0%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-11.4%

Purchase Details

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Purchase price:
$1,300,000
Amount financed:
-$1,040,000
Down payment:
$260,000
Closing costs:
$39,000
Rehab costs:
$0
Initial cash invested:
$299,000
Square feet:
2,462
Cost per square foot:
$528
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$1,040,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,152
Property tax:
$518
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,943

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$518-$6,218
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$1,493-$17,918

Cash Flow


Monthly Yearly
Net operating income:
$2,173 $26,076
Mortgage payments:
-$6,152 -$73,824
Cash flow:
$3,979 $47,748