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1191 Brandi Circle Kyle, TX 78640

3 Beds 2 Baths 1,374 sqft Built 1997

$224,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $163.03
  • 7 Days on Market
  • MLS # : 6653923
  • Updated Date : 12/02/2020 at 23:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full
Listing Agent

Star Tex Real Estate

Listing Agent's Description

1387 SQFT 3 bedroom/2 bath home is nestled in Steeplechase just off of I-35. The open floor plan with tall ceilings invites the natural light. Kitchen offers gas stove, granite countertop and a window above the sink to overlook the backyard. Private master suite is separate from secondary bedrooms. Covered back patio overlooks a beautifully landscaped backyard with 2 large Olive Trees and other native plants. Nicely located near Seton Hospital and various retail shopping

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.
  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)
  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)

PRICE & RENT TRENDS

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $124k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7011723

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Fuentes Elementary School Primary Regular 592 43 4
Chapa Middle School Middle Regular 692 39 4
Lehman High School High Regular 2,303 116 4

Fuentes Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 43
4
GreatSchools Rating

Chapa Middle School

  • Education Level: Middle
  • # of students: 692
  • # of teachers: 39
4
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$201,600$246,400$224,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$826
Property Tax -$516
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
$4

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$224,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,110

INVESTMENT

$65,110

Down Payment
$56,000
Rehab Estimate
$5,750
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,000
Loan Amount $168,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,669

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,550

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4503$1,5254$1,5505$1,565
$1,565
RENT COMPS ANALYSIS
  • 1191 Brandi Circle Kyle, TX 4
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 1161 Brandi Cir Kyle, TX 1
    • 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1997
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.15
    •  
  • 301 Dashelle Run Kyle, TX 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1998
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 971 Goldenrod Street Kyle, TX 3
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 2003
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.11
    •  
  • 491 Goldenrod St Kyle, TX 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $1.08
    •  
PROPERTY LISTING DETAILS
Joanne Jarrett
1.512.393.8825
Star Tex Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6653923
Last Updated: 12/02/2020
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