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127 Remington Drive Kyle, TX 78640

3 Beds 2 Baths 1,743 sqft Built 2003

$225,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $129.09
  • 2 Days on Market
  • MLS # : 5314116
  • Updated Date : 03/14/2021 at 00:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-rr (wc)

Listing Agent's Description

*Multiple offers received! Best and final deadline Monday 3/15/21 @ 5pm!* Quaint 3 bed, 2 bath home located in the heart of Kyle. Large open living and dining area with tile flooring throughout. New carpets in master and guest bedrooms. Master bedroom features walk-in closet and private master bath, with separate tub / shower. Extended concrete patio with partial covering, and large grapefruit tree in backyard. Covered front porch. See it while you can!

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
Kyle Elementary School Primary Regular 652 41 3
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Kyle Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 41
3
GreatSchools Rating

Wallace Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 47
4
GreatSchools Rating

Lehman High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$782
Property Tax -$518
Property Insurance -$125
HOA -$28
Property Management Fees -$99
CASH FLOW
-$142

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.

$225,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4203$1,5004$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 127 Remington Drive Kyle, TX 1
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.81
    •  
  • 101 San Jacinto Drive Kyle, TX 2
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.81
    •  
  • 129 Hunter Rex Way Kyle, TX 3
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 117 Salado Drive Kyle, TX 4
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 110 Palo Duro Cv Kyle, TX 5
    • 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2003
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brent Rabe
Keller Williams Realty-rr (wc)
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5314116
Last Updated: 03/14/2021
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