116 Crestview Dr

Canyon Lake, TX 78133
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2 bd, 1 ba | 1,248 sqft | Built in 1971

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List Price
$294,000

Initial Investment

$80,115

Purchase Price

$294,000

Down Payment

25%

Rent

$1,670

Total Return

$137,980

Annualized Return

20.5%

Cap Rate

3.6%

Gross Yield

6.8%

Cash Flow

-$6,169

Appreciation

9.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

22,037

HOA

$45/mo

Flood Risk

Not Required

Located in the highly attractive gated community of Westhaven, this charming home offers a unique blend of character and functionality on a generous half-acre lot. The heart of the home is the cozy living room, featuring a striking stone wood-burning fireplace that creates a warm and welcoming atmosphere. The kitchen is a cook’s joy, with ample cabinet space and a full appliance package to meet all your culinary needs. The home offers spacious bedrooms that provide plenty of room for relaxation and personalization. An indoor laundry room adds convenience to your daily routine. Step outside to discover a delightful outdoor space perfect for enjoying the serene surroundings. The half-acre lot provides plenty of room for gardening, play, or hosting outdoor gatherings. A detached shed offers versatility as a workshop or extra storage, while an additional storage room near the carport ensures you’ll never run out of space for tools or seasonal items. The subdivision offers a community pool, waterfront access, a clubhouse as well as controlled access. With its blend of character, new roof and desirable location this home is a rare find. Don’t miss the opportunity to make it yours!

See more in Analysis
Kevin Guerin
Guerin Property Services
TX Agent License #610683

Annual Financial Highlights

Expected Rent

$19,038

Expenses

-$3,924

Property Taxes

-$5,300

Loan Payments

-$15,983

Net Cash Flow

-$6,169

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Paul Sullivan
Agent License 0536840
Sullivan Hill Country Properti
Certified Agent Brokerage:Kevin Guerin
Guerin Property Services
TX Brokerage License 9000203
SourceAustin/Central Texas Real Estate Information Service (ACTRIS)
MLS #7384413
Last Updated: 01/25/2025 10:01
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.