$350,000
Investment Summary
- Monthly Cash Flow
- -$720
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -6.4%
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
Nestled in the peaceful surroundings of Lakehills, Texas, this is a one-of-a-kind 3.38-acre retreat that offers a rare blend of serenity, versatility, and investment potential. Located near Lake Medina, this property provides a unique opportunity for a variety of uses-whether you're looking for a short-term rental business, a yoga retreat center, a biker's camp, a survivalist's homestead, or simply a private getaway. With two structures, multiple build sites, breathtaking views, and endless possibilities, this is the perfect place to turn your vision into reality. Property Highlights: Tiny Home with Turnkey Living Space: The property features a two-level tiny home made from two (2) 8x20 container homes, offering a combined 320 sq ft of finished, fully furnished living space. This move-in-ready area includes a built-in shower, bathroom, and a covered patio, making it an inviting space for relaxation, creativity, or rental income. All furnishings and personal items from its previous use as an Airbnb are included. Unfinished Hilltop Structure with Panoramic Views: Perched on the hilltop with breathtaking lake and Hill Country views, the second structure is 1,200 sq ft of unfinished space, built on a solid foundation with screw-on piers for flexibility. The custom wagon wheel windows and dual entry points give it character and charm, while the high ceilings allow for loft conversion, offering potential for expansion. The exterior is sturdy, storm-resistant, and built to last, featuring a metal roof reinforced with steel beams. Newly Added Upstairs Viewing Deck: A brand-new deck has been built onto the structure, creating the perfect outdoor space to soak in the panoramic scenery, enjoy morning coffee, or relax under the Texas sky. Fully Equipped with Essential Utilities: This property is equipped with a fully operational septic system, plumbing, and electricity, so you can start using it immediately or complete the remaining buildout with ease. Hyperbaric Chamber for Unique Use: A 6ft x 14ft hyperbaric chamber on-site offers a one-of-a-kind opportunity for use as a storm shelter, food storage, or secure storage space. Two RV Hookups for Extra Income or Guests: The property includes two fully functional RV sites with existing hookups, ideal for generating additional rental income or providing a unique outdoor experience for visitors. Outdoor & Recreational Features: Gazebo for Relaxation: An attached gazebo provides the perfect setting for unwinding, enjoying a drink, or stargazing on peaceful Texas nights. Hot Tub Hookup: A built-in outlet beside the tiny home is ready for a hot tub, offering the perfect place to relax after a long day. Fire Pit for Gatherings: Enjoy bonfires, s'mores, and storytelling around the dedicated fire pit, creating a cozy atmosphere for family and friends. Seasonal Meadow for Escape & Tranquility: A lush meadow at the base of the slope serves as a peaceful retreat during the spring and summer months. A Perfect Homestead or Investment Property For those looking for a self-sufficient lifestyle, this land is ideal for livestock, gardening, and sustainable living. The AG exemption potential further enhances its long-term value. Whether you want to raise chickens, grow your own food, or simply enjoy a life in harmony with nature, this property has everything you need. Flexible Purchase & Financing Options The seller is open to owner financing and lease-to-purchase options, making this an accessible and exciting opportunity for buyers. Special Offer - Package Deal for $450,000! This property adjoins a 2.56-acre lot, and both are available as a package deal at a discounted price of $450,000. With ample space, existing infrastructure, and breathtaking views, this combined offering provides limitless potential for development, rental income, or long-term investment.Whether you're looking for a peaceful retreat, an income-producing property, or a future development site, this proper
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Location
Property Details
Parking
- Description: Detached, Rear Entry, Side Entry, Oversized
- Details: Oversized, Detached
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Stories: 2
Exterior Features
- Foundation: Slab
- Roof Material: Metal
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 165961
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story
- Year Built: 2022
Tax Information
- Annual Tax: $3,674
Utilities
- Cooling: Window Unit(s), Wall/Window Unit(s)
Location
- County: Bandera
Listing Details
Investment Summary
- Monthly Cash Flow
- -$720
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -10.7%
- Debt Coverage Ratio
- 0.57
- Internal Rate of Return (5 years)
- -6.4%
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:
| $350,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$280,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $70,000 |
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:
| $10,500 |
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:
| $80,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,360 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $257 |
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:
| $280,000 |
|---|---|
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:
| $1,656 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $306 |
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:
| $126 |
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:
| $2,088 |
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:
| $1,800 | $21,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$108 | -$1,296 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,692 | $20,304 |
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. | 17% | -$306 | -$3,674 |
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% | -$126 | -$1,512 |
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% | -$144 | -$1,728 |
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% | -$90 | -$1,080 |
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% | -$90 | -$1,080 |
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. | n/a | n/a | n/a |
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 | 42% | -$756 | -$9,074 |
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:
| $936 | $11,232 |
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. | -$1,656 | -$19,872 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $720 | $8,640 |