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$270,000

For Sale - Active
952 Madrona Rd, Pipe Creek, TX 78063
2 Beds
1 Bath
885 Square Feet
0.00 Acres Lot
Built in 2000
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Aug 19, 2025 at 10:42AM

Investment Summary


Monthly Cash Flow
-$531
Cap Rate
3.3%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-5.9%

Property Description


0.00 Acres Lot
Built in 2000
For Sale - Active
Units n/a

QUAINT HOME ON 1.78 ACRES IN THE HILL COUNTRY WHERE THE MADRONA CREEK SETS BEHIND THE HOUSE! THIS PROPERTY BORDERS ELK MOUNTAIN RANCH! TWO STORAGE BUILDINGS. NICE PANTRY IN KITCHEN. A CARPORT FOR YOUR RV OR OTHER OUTDOOR TOYS! NEWER SEPTIC WAS INSTALLED IN 2020. NICE METAL ROOF AND THERE'S A LARGE CONCRETE SLAB THAT WOULD MAKE A GREAT PATIO FOR ALL YOUR COOKOUTS! ALSO, A NEWER WATER HEATER WAS INSTALLED. BEAUTIFUL GROUNDS ON THIS PROPERTY AND VERY LEVEL FOR THE HILL COUNTRY. EASY COMMUTE TO THE SURROUNDING AREA, SAN ANTONIO, BOERNE AND BANDERA! CALL FOR YOUR VIEWING BEFORE THIS JEWEL IN THE HILL COUNTRY IS GONE.

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 169708
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: One Story, Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $2,625

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Bandera

Listing Details


Listed by:
Martha Bodiford
Edwards Ranch Realty
(830) 796-5346

Source:
San Antonio Board of REALTORS
MLS#: 1873859
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$531
Cap Rate
3.3%
Cash-on-Cash Return
-10.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-5.9%

Purchase Details

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Purchase price:
$270,000
Amount financed:
-$216,000
Down payment:
$54,000
Closing costs:
$8,100
Rehab costs:
$0
Initial cash invested:
$62,100
Square feet:
885
Cost per square foot:
$305
Monthly rent per square foot:
$1.58

Financing Details

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Loan amount:
$216,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,278
Property tax:
$219
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,595

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$219-$2,626
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$569-$6,826

Cash Flow


Monthly Yearly
Net operating income:
$747 $8,964
Mortgage payments:
-$1,278 -$15,336
Cash flow:
-$531 -$6,372