Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $131.16
- 3 Days on Market
- MLS # : 5787769
- Updated Date : 11/29/2020 at 00:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,829 sqft
- Baths : 2 full
Listing Agent
Sienna Properties
Listing Agent's Description
Open house Sunday Nov. 29th 2-4:30pm. Move in ready! 4 bedrooms, 2 full baths, 2 dining areas and a bright open floor plan! Brand new vinyl plank wood look floors in all main areas, and bathrooms! The carpet in the bedrooms is only 1 year old! Roof was replaced in April of 2018, and AC was replaced in March of 2020! Brand new stainless appliance package, with new 2" faux wood white blinds in the main areas. New faucets, new light fixtures and new hardware on all doors! All outdated gold fixtures & door knobs were replaced! Nothing left to do but move right in and get ready to start a new year! Great location close to DT Kyle, and a very easy commute to Austin. This won't last long!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78640
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$552 | |
| Property Insurance | -$130 | |
| HOA | -$28 | |
| Property Management Fees | -$132 | |
|
CASH FLOW
-$77
|
||
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.
$239,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
2.25
YEARS SAVED
$4,498
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,605
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
123 Star Of Texas Drive Kyle, TX 5
- 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
101 San Jacinto Drive Kyle, TX 1
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,420
- $0.81
-
117 Salado Drive Kyle, TX 2
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004
![property image]()
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
136 Star Of Texas Dr Kyle, TX 3
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2005
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.82
-
110 Palo Duro Cove Kyle, TX 4
- 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2003
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
PROPERTY LISTING DETAILS
1.512.769.2762
Sienna Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5787769
Last Updated: 11/29/2020
