289 Chaparral Dr Bandera, TX 78003
MULTI_FAMILY - Bandera, TX
- Added:
- Jun 12, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 11 at 11:06 am
Property Features for 289 Chaparral Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,344 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2950
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2018
Listing agent Shane Neal (888) 519-7431
Listing office eXp Realty 17806 W IH 10 Ste 300, Austin, TX (888) 519-7431
Listing date Jun 12, 2026
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The address is 289 Chaparral Dr in the Enchanted River Estates, a gated community near the heart of Bandera. The property is described as being positioned between the Medina River and a nearby creek, with Hill Country views.
For tenants, buyers, or owner-occupants, the layout supports day-to-day living for either a live-in arrangement or a traditional rental setup, with both units sharing the same bedroom and bathroom configuration. The metal roof and laminate flooring are already in place, reducing near-term work for an operator. Since one unit is already generating rental income and the other is ready to lease or occupy, the property can suit buyers looking for immediate income stream potential alongside flexibility for the second unit.
Key Highlights
- High‑income potential: Duplex generates $2,350/month total rental income with one unit already rented.
- Prime location in gated Enchanted River Estates near Bandera, between the Medina River and a creek, offering Hill Country views.
- Investment/Owner‑Occupant Opportunity: Ideal for investors or owner‑occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.8k | $16.20 |
| − Vacancy | −$2.1k | −$1.54 |
| EGI | $19.7k | $14.66 |
| − OpEx | −$5.9k | −$4.40 |
| NOI | $13.8k | $10.26 |
