$331,700
Investment Summary
- Monthly Cash Flow
- -$490
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.7%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -3.5%
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
SELLERS' RELOCATION PLANS ARE BACK ON SO HURRY TO SEE THIS GEM WHERE PRIDE OF OWNERSHIP IS UNDENIABLE IN THIS 3070 SQUARE FOOT, TWO STORY LIMESTONE HOME IN SELMA! If four bedrooms, two dining, three living areas and a flowy floor plan aren't enough, calculate all the extras these owners have added to their lovely home in an uber-convenient pocket in northeast San Antonio and you have a winner. Beautiful energy efficient windows, a full irrigation system, 8 camera/3 panel security system, barn door accents and young heat pump HVAC are just a few of the upgrades that elevate this home above the rest. There aren't many homes that simultaneously invite the party and welcome cozy comfort but this is one. Pull up to a secluded spot at the end of a cul-de-sac to a home that beckons you in. Pause at the darling front porch, a perfect spot to watch the world go by, then step through a classy wood door into a spacious living/dining space that opens into the family room, kitchen and breakfast nook -- all this with wood laminate and stained concrete floors (no carpet down!). The fireplace gives a sense of atmosphere to this open space big enough for a huge sectional and overlooked by the large kitchen with its glass tile backsplash and island. Stainless appliances, including a new dishwasher, will make the chef happy, along with all the counter space. A barn door ushers entry into a massive pantry with literally rows of shelving, shared with the washer/dryer utility to keep all the chores in one place! Check out the attached two-car garage which offers space for more storage (as if you'd need it!). A half bath off the family room is ideal for guests. Pop up the extra wide and welcoming stairs to another amazing layout. The large (22x14ft) loft sits in the center of the space, set up now as a media room, but with lots of options for use including game room or play room. The primary suite easily accommodates a king bed and more with the lovely decorator touches of coffered ceiling and wooden barn door which leads into the ensuite bath with double sink vanity with sitting space, huge garden tub, walk-in shower, separate water closet, storage and massive walk-in closet that could not possibly leave you wanting for more space! Two other extra spacious bedrooms sit on the other end of the floor with nice closets and a shared bath with new fiberglass shower/tub combo with lots of smart shelves for bath stuff. The fourth bedroom sits off another corner of the floor for privacy and is also ideal for an office space or gym. Out back you will enjoy a lush, extra large and wide yard (thanks to the cul-de-sac) with a new privacy fence, that is level and ready for your imagination -- just add garden, pool or playscapes! The new windows through certainly help with utility bills, which for the owners, have run in the 200s and below! Better than new, this one is move-in ready. All this in quiet Retama Springs, right off Loop 1604 and I-35, making the commute to RAFB, downtown San Antonio and all the fun in New Braunfels easy. It is minutes from grocery stores and shopping at the Forum. Here is your challenge - try to find another option that offers location, size, upgrades for this price and run to offer on this one!
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Location
Property Details
Parking
- Description: Two Car Garage, Attached
- Details: Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 8
- # of Stories: 2
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Other
- Foundation: Slab
- Roof Material: Composition
HOA
- Has HOA: Yes
- Association: RETAMA SPRINGS HOMEOWNERS ASSOCIATON
- HOA Fee: $85/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 050191170110
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Two Story, Texas Hill Country
- Year Built: 2006
Tax Information
- Annual Tax: $5,089
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Heat Pump
Location
- County: Bexar
Listing Details
Investment Summary
- Monthly Cash Flow
- -$490
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -7.7%
- Debt Coverage Ratio
- 0.69
- Internal Rate of Return (5 years)
- -3.5%
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:
| $331,700 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$265,360 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $66,340 |
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:
| $9,951 |
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:
| $76,291 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,070 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $108 |
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:
| $0.72 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $265,360 |
|---|---|
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:
| $1,570 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $424 |
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:
| $154 |
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:
| $2,148 |
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:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
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. | 19% | -$424 | -$5,089 |
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% | -$154 | -$1,848 |
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% | -$176 | -$2,112 |
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% | -$110 | -$1,320 |
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% | -$110 | -$1,320 |
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% | -$14 | -$168 |
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 | 45% | -$988 | -$11,857 |
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:
| $1,080 | $12,960 |
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. | -$1,570 | -$18,840 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$490 | -$5,880 |