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$285,000

For Sale - Active
700 S Walnut Ave, Luling, TX 78648
3 Beds
2 Baths
2,372 Square Feet
0.00 Acres Lot
Built in 1910
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Oct 01, 2025 at 10:16AM

Investment Summary


Monthly Cash Flow
-$403
Cap Rate
4.0%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.2%

Property Description


0.00 Acres Lot
Built in 1910
For Sale - Active
Units n/a

OPEN HOUSE SATURDAY 9-27-25 1:00 - 3:00 PM Charming Victorian Beauty in a Prime Location! Step into timeless elegance with this stunning Victorian home, offering the perfect blend of classic character and modern comfort. Featuring 3 spacious bedrooms and 2 full baths, this stately residence boasts gorgeous hardwood floors, soaring ceilings, and an abundance of natural light throughout. Enjoy cooking in the large kitchen with a cozy breakfast nook, entertain in the formal dining room, or relax in the versatile sunroom—perfect as a home office. The inviting living room includes a beautiful fireplace, creating a warm and welcoming atmosphere. Outside, you'll love the screened-in porch, lush mature trees, and a fully fenced yard—ideal for pets, play, or peaceful evenings. A sprinkler system keeps the landscaping low-maintenance. The 2-car garage includes an additional room that’s perfect for a craft space, workshop, or second office. Located in a friendly, well-established neighborhood, this home is conveniently situated in Luling—making it a great option for commuters. Don’t miss your chance to own this one-of-a-kind Victorian gem!

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Location


Property Details


Parking

  • Description: Detached, GarageFacesRear
  • 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 Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Aluminum siding,N,8/17/20
  • Foundation: Pillar/Post/Pier
  • Roof Type: Reinforced Concrete
  • Roof Material: Composition, Shingle

Land Information

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

Lot Information

  • Parcel ID: 060075000200180
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial, Victorian
  • Year Built: 1910

Tax Information

  • Annual Tax: $5,203

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Central
  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)

Location

  • County: Caldwell

Listing Details


Listed by:
Ginger Robbins
Riata Real Estate
(512) 284-0801

Source:
Central Texas MLS (CTXMLS)
MLS#: 576362
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$403
Cap Rate
4.0%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.2%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
2,372
Cost per square foot:
$120
Monthly rent per square foot:
$0.84

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,349
Property tax:
$434
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,923

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$434-$5,203
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$934-$11,203

Cash Flow


Monthly Yearly
Net operating income:
$946 $11,352
Mortgage payments:
-$1,349 -$16,188
Cash flow:
-$403 -$4,836