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130 Tower Drive Kyle, TX 78640

4 Beds 3 Baths 1,964 sqft Built 2009

$255,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $129.84
  • 5 Days on Market
  • MLS # : 8384166
  • Updated Date : 12/16/2020 at 19:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,964 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This open concept home creates such a comfortable environment you won’t want to leave. It has everything you’ve been looking for…over-sized corner lot, 4-bedrooms, spacious living area, established landscape & a pool! The front entry invites you directly into a sought after floorplan with easy access throughout the living, kitchen & dining areas. Look directly out on a fabulous backyard built for entertainment. With the abundance of outdoor living space, you can enjoy dining under the covered & screened patio, jump in the pool anytime you like or relax under the stars in the hottub! You’ll also appreciate the lush landscape, fruit trees, storage shed & raised gardening beds. Heading back inside, the owner’s retreat features a sweet spot for a sitting area, exercise equipment, a nursery nook or even more office space. The original upstairs game room has been enclosed for use as a 4th bedroom or private home office. Waterleaf Subdivision amenities include a large pool with kiddie pool, covered playscapes, picnic pavilion, sand volleyball, basketball court, paved walking paths, & workout stations. The neighborhood also adjoins a 20-acre City of Kyle Park along Plum Creek with trails, covered playscape, baseball & soccer fields. Minutes to I-35, grocery, retail, & restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
Tobias Elementary School Primary Regular 715 45 4
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Tobias Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 45
4
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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$941
Property Tax -$587
Property Insurance -$138
HOA -$32
Property Management Fees -$99
CASH FLOW
-$116

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.

$255,000

PROJECTED PRICE

$1,680

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6504$1,6805$1,685
$1,685
RENT COMPS ANALYSIS
  • 130 Tower Drive Kyle, TX 4
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.86
    •  
  • 222 Tower Drive Kyle, TX 1
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2010
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 321 New Bridge Drive Kyle, TX 2
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2015
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 133 Gina Drive Kyle, TX 3
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2012
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 350 Gina Drive Kyle, TX 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2013
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michelle Hidler
1.512.914.3268
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8384166
Last Updated: 12/16/2020
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