814 12 St

Bandera, TX 78003
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3 bd, 2 ba | 852 sqft | Built in 1922

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$1,440

Total Return

$52,538

Annualized Return

10.4%

Cap Rate

4.0%

Gross Yield

6.3%

Cash Flow

-$4,486

Appreciation

5.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to a most-charming cowboy getaway in the heart of Bandera, Texas - The Cowboy Capital of the World! Nestled just one block away from the bustling Main Street, this adorable Bed and Breakfast is your ticket to a true Texan adventure and has two income producing dwellings, the Crooked Antler, and Cowboy Corner. Every inch of the studio sized, 1 bedroom, 1 bath Cowboy Corner exudes cowboy charm and hospitality. From the rustic decor to the authentic cowboy accents, it feels like stepping onto a movie set. The Crooked Antler has 3 bedrooms and 1 Jack and Jill bath. This income-producing gem is not just A Place to Stay; it's an experience. Each room is lovingly decorated with a cowboy twist, offering a cozy retreat after a day of experiencing the Bandera style wild west. Whether exploring Bandera's historic sites, hitting the trails on horseback, dancing the night away at one of the popular music venues, or simply soaking in the local atmosphere, this B&B is the perfect home base for cowboy escapades. Sit under the starry Texas sky, enjoy a meal on the porch, or gather in the party barn that opens to the fire pit area where old stories are shared, and new memories are made. The party barn also doubles as covered parking for iron horses. (motorcycles) The famous 3 Sisters highways, a motorcycle rider Hill Country favorite, is located just minutes away! With its prime location being steps away from Main Street, this income-producing property offers both charm and convenience. Whether you're seeking a profitable investment or dreaming of your own slice of cowboy paradise, this Bandera B&B is sure to steal your heart and leave you longing for simple pleasures. Saddle up and make your cowboy dreams a reality!

See more in Analysis
Collin Corrington
White Line Realty
TX Agent License #706046

Annual Financial Highlights

Expected Rent

$16,416

Expenses

-$2,922

Property Taxes

-$3,030

Loan Payments

-$14,950

Net Cash Flow

-$4,486

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:Lanette Pennell
Keller Williams Boerne
Certified Agent Brokerage:Collin Corrington
White Line Realty
TX Brokerage License 9007429
SourceMLS #1824227
Last Updated: 11/19/2024 02:11
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.