289 Chaparral Dr, Bandera, TX 78003
MULTI_FAMILY - Bandera, TX
- Added:
- Jun 9, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 9 at 5:06 pm
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 9, 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.
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.
- Strong Rental Market/Airbnb Potential: High demand area with potential for short‑term rentals.
- Modern Construction: Built in 2018 with durable metal roof, central air, high ceilings, and laminate flooring.
- Two Units: Each unit features 2 bedrooms and 1 bathroom, totaling 1,344 square feet.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bandera
- County
- Bandera
- State
- Texas
- Longitude
- -99.056343
- Latitude
- 29.720494
