About 297 Chaparral Dr
This income-producing cabins near the heart of Bandera, surrounded by beautiful Hill Country views and close to a creek and Medina Lake. The property features two units, each with 1 bedroom and 1 bathroom, for a total of 2 bedrooms and 2 bathrooms, with each side currently renting for $1,100 per month. One unit is already rented, providing immediate income, while the other offers flexibility for owner occupancy or additional rental potential. The property may be purchased separately or together with 289 Chaparral, making it a versatile and attractive option for investors seeking a strong rental opportunity in a desirable area.
Features of 297 Chaparral Dr
| MLS® # | 1940930 |
|---|---|
| Price | $200,000 |
| Number Of Units | 2 |
| Square Footage | 882 |
| Acres | 0.23 |
| Year Built | 2022 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 297 Chaparral Dr |
|---|---|
| Subdivision | ENCHANTED RIVER ESTATES |
| City | Bandera |
| County | Bandera |
| State | TX |
| Zip Code | 78003 |
Multi-Unit Information
| Gross Annual Income | $28,800 |
|---|---|
| Net Operating Income | $22,860 |
| Annual Operating Expense | $5,940 |
| Operating Expense Includes | Taxes, Maintenance, All Utilities, Services |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Oven/Stove, Refrigerator |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Oven/Stove |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | 1 Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding, Cement Fiber |
|---|---|
| Exterior Features | Mature Trees, Controlled Access |
| Roof | Metal |
| Construction | Pre-Owned |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Alkek |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | February 12th, 2026 |
|---|---|
| Days on Market | 211 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 11.43 |
| Gross Rent Multiplier | 6.94 |
| Estimated Taxes | $2,483 |
Listing Details
| Agent | Shane Neal |
|---|---|
| Office | eXp Realty |
| Contact Info | (726) 245-8941 |