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$715,000

NAL Estimated Property Value

101 Eastern Rd, Wimberley, TX, 78676

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,649 Sq Ft
price_per_sqft$348.7 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Dryer, Free-Standing Gas Oven, Propane Cooktop, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Electric Water Heater
FlooringConcrete, Laminate, Tile

Exterior

Exterior FeaturesLighting, Playground, Private Yard
Lot Size2.46 acres

Building Information

Year Built1977
Roof Type112

Land Information

APNR105947
Lot Number25B-2
SubdivisionGreen Acres Sec 1
Land UseResidential
Legal DescriptionGREEN ACRES SEC 1, LOT 25B-2, ACRES 2.46 TAX CODES:RSP,SWI
Census Tract010810
Assessed Land Value$205,160
Assessed Improvement Value$174,200
Assessment Year2025

About this property

MULTIPLE OFFERS WELL OVER LIST PRICE. DEADLINE FOR OFFERS - Noon on Monday, 05/13/2024. No further showings after Sunday. Rare opportunity to own TWO turn-key short-term rentals on 2.46 acres just 1.4 miles from the Wimberley Square, and just around the corner from the Market Day location. This stylish Hill Country complex has been operating since late 2019, and produces solid income month-after-month. Together the two rental units gross over $9k per month, making for solid income with minimal work. The homes feel like they're in the country, but they're just outside of city limits, so there are no STR permits to deal with! The larger of the two rentals is called "Eastern Acres," and consists of two structures. The main house has two bedrooms, a kitchen, living room, and bathroom, and features a large covered deck. Connected by a boardwalk is a second structure that can be rented with the main house by larger groups. This extra structure includes a bedroom with living space and a nice bathroom with a tiled walk-in shower. Guests can relax in a 6-person hot tub on the deck, or step onto the property to enjoy the fire pit or outdoor games. The smaller rental is called "Sundown" and is a mix of modern and rustic, and sleeps two people. It is completely separate from the other rental unit and has its own entrance, two-person hot tub, yard area, and parking. The cozy space has a sleep loft, living area, kitchenette, and bathroom. A seasonal creek crosses the back of the property where the land has been left natural and wooded. Guests are likely to see deer and other wildlife right in the back yard. A large commercial septic system has been installed to comply with county regulations, eliminating one of the more expensive "gotchas" for people who convert a rural residential house to short-term rental. NEW survey provided by Seller. This property is priced to move fast, and will not last long. Get in on Wimberley STR while you still can!

Investor Tools

Property Icon
$715,000
Estimated Property Value
$0Estimated Mortgage Balance
$715,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,290 /month
Positive
Cash Flow Estimate:
$1,430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,929
$379,360
2025
$205,160
$174,200
$379,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,929
$379,360

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$626,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,560/mo
N/A
+$1,560/mo
2.6%

City: Wimberley

101 Eastern Rd | Property Details | No Agent List