ActiveResidential · sale

120 Cedar Bend Rd

Wimberley, TX 78676

$899,000

  • 6,500 sq ft
  • 4.1 acres
  • Built 2003

Listed by Compass RE Texas, LLC · MLS #ACT7381510

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PROPERTY QUESTIONS & SHOWINGS

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120 Cedar Bend Rd, Wimberley, TX 78676 · MLS #ACT7381510

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The property boasts a total of six rented single-family dwellings and one rented RV space; each home site features private parking, inviting outdoor living spaces, individual patio or decks and several units have fenced yards ensuring tenant satisfaction year-round.

Year built

Built in 2003.

Property size

4.1 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Charming Income-Producing Compound - Ideal for Investors or Owner-Occupants

Property highlights include:

• 4.1 Private Acres with 6+Rental Units including the Owner-Occupied Main House
• Main home includes 3 bedroom / 3.5 baths - +- 2500 sq.ft with attached sunroom
• Additionally, the Main Home offers two decks, a covered pavilion that backs to a wet weather creek and features a panoramic hill country view.
• +-1 Acre of undeveloped land for expansion, where additional units could be added
• 2 separate gated entries
• Beautiful old, hand-stacked stone rock walls surrounding the perimeter of +- 3 acres
• Two water wells
• Blanco River Access for property owners (a 28-acre member only gated river park)
• Full RV Hookups and Private Parking Area
• Storage Buildings/Sheds
• Plenty of individual parking areas
• Community fenced garden area
• Plenty of room to add a community pool and/or private pool
• High-speed fiber internet available to all sites
• Located on a quiet, cul-de-sac street


Discover this delightful income-generating family compound, perfect for both investors and owner-occupants. The property boasts a total of six rented single-family dwellings and one rented RV space; each home site features private parking, inviting outdoor living spaces, individual patio or decks and several units have fenced yards ensuring tenant satisfaction year-round.
Many of the units have been recently constructed or have undergone extensive updates/remodels and have been meticulously maintained to enhance the appeal of this family compound and/or income-producing property.

The current income, including potential rent from the owner-occupied main residence and the other five structures plus RV Site, is approximately $8,500 monthly. Significant increase in potential revenue if used as short-term rentals.

Please note that the square footage of the buildings is approximated and combined for all units.

THE NEIGHBORHOOD

Explore the location.

120 Cedar Bend Rd, Wimberley, TX 78676

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Hays County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$376,741Up 1.8% vs. the previous 12 months
Months of supply5.312-month average
Days on market9112-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential Income
Category
Residential
Year built
2003
Cooling
Ceiling Fan(s), Central Air, Varies by Unit
Heating
Central
Appliances
Dishwasher, Electric Range, Exhaust Fan, Microwave, Electric Oven, Plumbed For Ice Maker, Electric Water Heater
Flooring
See Remarks, Carpet, Laminate
Fencing
See Remarks, Fenced, Perimeter, Stone
Accessibility
None
Pool features
None
Subdivision
Burnett Ranch Sec 2
Parcel
1110050000018008
Elementary school
Blue Hole
Middle school
Danforth
High school
Wimberley
Annual property tax
$4,628.85

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$2,326.03
Estimated monthly rent$3,745.83
Cap rate3.35%

Annual operating income: $30,159.92

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #ACT7381510 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Stacy Bass

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.