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1229 Twin Estate Drive Kyle, TX 78640

4 Beds 4 Baths 2,570 sqft Built 2015

$289,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $112.80
  • 4 Days on Market
  • MLS # : 9811180
  • Updated Date : 11/19/2020 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,570 sqft
  • Baths : 3 full , 1 half
Listing Agent

La Casa Realty Group

Listing Agent's Description

Truly gorgeous home with great size lot, recently updated and move in ready! 4 large bedrooms with Master downstairs, huge master bathroom, sun tub, walk in shower, and tons of closet space. Private upstairs bedroom with full bath, 2 additional upstairs bedrooms with 3rd full bath. Large open living area with vaulted ceilings, breakfast bar at the kitchen island and open formal dining area. This is a beautiful home perfect for the family wanting space.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,070
Property Tax -$700
Property Insurance -$172
HOA -$28
Property Management Fees -$152
CASH FLOW
-$221

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.

$289,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.66%

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$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8504$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1229 Twin Estate Drive Kyle, TX 5
    • 4 beds 4 baths ∙ 2,570 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,570 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 1673 Breanna Lane Kyle, TX 1
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2014
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 1745 Amy Drive Kyle, TX 2
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2015
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 275 Cibolo Creek Drive Kyle, TX 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2018
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 1302 Amy Drive Kyle, TX 4
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2020
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jaime Elizalde
1.512.762.7708
La Casa Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 9811180
Last Updated: 11/19/2020
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