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$1,700,000

For Sale - Active
997 Kramer Rd, Harper, TX 78631
3 Beds
3 Baths
3,165 Square Feet
0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jul 01, 2025 at 06:55PM

Investment Summary


Monthly Cash Flow
-$7,305
Cap Rate
0.5%
Cash-on-Cash Return
-22.4%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-17.6%

Property Description


0.00 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Ag-Exempt 50 acres with Hunting Permitted, breathtaking Panoramic Hill Country Views, and a Beautifully Designed 3,165 sq ft Custom Built home in a serene, highly desirable location! This elegant 3-bed, 2.5-bath home features an open floor plan w/soaring ceilings, abundant windows providing natural light, a cozy stone wood-burning fireplace, dedicated office, & an upstairs game room or second living space ideal for entertaining or relaxing. The gourmet kitchen boasts granite countertops, a large island, double ovens, & gorgeous alder cabinetry, w/matching alder woodwork throughout the home for a rich, cohesive finish. All bedrooms are on the main level, including a spacious primary suite w/a luxurious ensuite bath. The oversized garage & additional 2-car carport offer plenty of room for vehicles and storage. Enjoy outdoor living w/a covered patio, stunning pool w/waterfall, firepit, & expansive views. Automatic sprinkler system in front and back yards. Fully fenced with gated entry, large workshop with 3 roll-up doors, 30/50 amp power, RV carport with hookups. Minutes to Harper, 20 min to Fredericksburg or Kerrville. Hill Country Living at its Best! Schedule Your Showing Today!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Garage Door Opener, Oversized, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Metal
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 106418
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story, Texas Hill Country
  • Year Built: 2014

Tax Information

  • Annual Tax: $12,653

Utilities

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

Location

  • County: Gillespie

Listing Details


Listed by:
Julie Becker
Fore Premier Properties
(830) 928-7985

Source:
San Antonio Board of REALTORS
MLS#: 1877691
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$7,305
Cap Rate
0.5%
Cash-on-Cash Return
-22.4%
Debt Coverage Ratio
0.09
Internal Rate of Return (5 years)
-17.6%

Purchase Details

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Purchase price:
$1,700,000
Amount financed:
-$1,360,000
Down payment:
$340,000
Closing costs:
$51,000
Rehab costs:
$0
Initial cash invested:
$391,000
Square feet:
3,165
Cost per square foot:
$537
Monthly rent per square foot:
$0.82

Financing Details

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Loan amount:
$1,360,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$8,045
Property tax:
$1,054
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,281

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (41%)
41%-$1,054-$12,653
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (66%)
66%-$1,704-$20,453

Cash Flow


Monthly Yearly
Net operating income:
$740 $8,880
Mortgage payments:
-$8,045 -$96,540
Cash flow:
$7,305 $87,660