Make an offerWrite and send a binding offer in 5 minutes. No agent.
Schedule a tourNext opening: today 6:30 PM. See all times.
Get pre-qualifiedKnow your number in 2 minutes, no credit pull.
Estimate closing costsCash to close for this exact price and state.
Hire a pro for this homeInspectors, contractors, movers and more.
Market data for TXValues, rents and trends across the state.
Contact Gary Proctor
Usually responds quickly · no account needed
Payment Estimator
How this home compares
Based on 1,005 homes we track in TX.
Asking price
$310,400
23% above the TX median of $253,333
Price per sq ft
$199
area median $173 per sq ft (15% higher)
Typical rent
$1,850/mo
what a home like this rents for in TX
Gross rental yield
8.3%
annual rent divided by value across TX
Area figures are estimates computed from MLS9 property data, not an appraisal.
About This Property
SUBJECT-TO: Turnkey 5-room PadSplit in New Braunfels, TX, between San Antonio and Austin on the I-35 corridor, already running on PadSplit with a management agreement in place.
Take over the existing 1st mortgage (~$225K balance, 3.5% fixed, PITI $1,713/mo with taxes and insurance escrowed, ~23 years left, no balloon, current). Entry is ~$91,300 cash to close, which covers the 2nd lien payoff, all closing costs, and my fee. Seller financing is available on part of the entry for a qualified buyer.
Trailing 12 months: 9.1% cash-on-cash, 16.2% total return. With all 5 rooms full: 16.9% cash-on-cash, 24.0% total return.
I'm the owner/seller, not an agent. Message me for the full deal sheet.
Take over the existing 1st mortgage (~$225K balance, 3.5% fixed, PITI $1,713/mo with taxes and insurance escrowed, ~23 years left, no balloon, current). Entry is ~$91,300 cash to close, which covers the 2nd lien payoff, all closing costs, and my fee. Seller financing is available on part of the entry for a qualified buyer.
Trailing 12 months: 9.1% cash-on-cash, 16.2% total return. With all 5 rooms full: 16.9% cash-on-cash, 24.0% total return.
I'm the owner/seller, not an agent. Message me for the full deal sheet.
Property Characteristics
Structure
TypeSingle Family
Year Built2018
Effective Year-
Living Area1,562 sqft
Bedrooms5
Bathrooms2
Rooms5
Stories1
Units1
Interior
HeatingCentral
CoolingCentral
Fireplace-
FlooringHardwood
Exterior & Lot
Lot Size5,663 sqft
RoofAsphalt
FoundationSlab
ConstructionBrick
GarageGarage
PoolNone
ViewNone
HOA Fee$17.00
Additional Features
Operating PadSplit, 5 rooms
PadSplit management agreement in place
3.5% fixed underlying loan
PadSplit management agreement in place
3.5% fixed underlying loan
Transaction History
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Listed for sale on MLS9 | $310,400 |
| 11/19/2018 | Sale | - |
Last Sale Date: 11/19/2018
Last Sale Price: -
Tax History
| Year | Tax Paid | Total Value | Land | Imp |
|---|---|---|---|---|
| 2020 | $5,264 | $248,590 | $55,000 | $193,590 |
