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$565,000

For Sale - Active
6160 Fm 2538, Marion, TX 78124
3 Beds
2 Baths
1,632 Square Feet
0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: Jun 13, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
-$1,939
Cap Rate
2.2%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.3%

Property Description


0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a

Open House Friday, June 6th from 2-5PM. Welcome to your dream property in Marion, Texas. Set on a peaceful 2.6 acre lot just outside of town, this single-story home blends original character with thoughtful updates. Inside you will find original hardwood floors, rich wood trim and classic built-ins that reflect the home's Craftsman roots, while thoughtful updates including a fully renovated bath and separate laundry room add comfort and ease. The home was renovated both inside and out including fresh paint, new lighting, flooring and more. Outside, updates include new siding and a beautiful front porch with swing to spend quiet evenings. This home is move in ready. The layout offers spacious gathering areas including 3 bedrooms and 2 baths. Natural light fills the home through large windows, offering views of the surrounding trees and open space. A front sunroom overlooking the new front porch provides a quiet place to relax while the back deck is perfect for enjoying the sounds of nature while overlooking the year round Cibolo Creek. The oversized steel-framed workshop with power, insulation and private office provides space for hobbies, storage or small business needs. The property is fenced with an electric gate offering the best of country living with security and privacy. Minutes from Randolph AFB and I-10, this home offers country living with the city amenities just a moments away.

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Location


Property Details


Parking

  • Description: Oversized
  • Details: Detached
  • 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: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Asbestos Shingle
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 051930003970
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story
  • Year Built: 1948

Tax Information

  • Annual Tax: $8,464

Utilities

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

Location

  • County: Bexar

Listing Details


Listed by:
Frances Petroff
Texas Premier Realty
(210) 844-8683

Source:
San Antonio Board of REALTORS
MLS#: 1864691
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$1,939
Cap Rate
2.2%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.3%

Purchase Details

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Purchase price:
$565,000
Amount financed:
-$452,000
Down payment:
$113,000
Closing costs:
$16,950
Rehab costs:
$0
Initial cash invested:
$129,950
Square feet:
1,632
Cost per square foot:
$346
Monthly rent per square foot:
$1.53

Financing Details

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Loan amount:
$452,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,959
Property tax:
$705
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,839

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$705-$8,465
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (53%)
53%-$1,330-$15,965

Cash Flow


Monthly Yearly
Net operating income:
$1,020 $12,240
Mortgage payments:
-$2,959 -$35,508
Cash flow:
$1,939 $23,268