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131 Bellair Drive Kyle, TX 78640

3 Beds 2 Baths 1,127 sqft Built 1994

$188,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $167.61
  • 3 Days on Market
  • MLS # : 8302624
  • Updated Date : 12/11/2020 at 23:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,127 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Adorable single story home nestled in the heart of Kyle, TX. This home offers a huge backyard and relaxing front patio. Inside you will find 3bed/1.5 bath and a spacious living area. New roof / HVAC condenser November 2020. Enjoy endless possibilities with the yard. Kitchen features stainless steel appliances and open to the breakfast area. Minutes to downtown Kyle, I35, entertainment and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$170,010$207,790$188,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$697
Property Tax -$435
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$41

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.

$188,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.68%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,809

INVESTMENT

$55,809

Down Payment
$47,225
Rehab Estimate
$5,750
Closing Costs
$2,834

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,225
Loan Amount $141,675
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,290

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,4003$1,4504$1,4505$1,525
$1,525
RENT COMPS ANALYSIS
  • 131 Bellair Drive Kyle, TX 1
    • 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.14
    •  
  • 117 Bellair Drive Kyle, TX 2
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1996
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.15
    •  
  • 610 Scrutchins Kyle, TX 3
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 2003
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.17
    •  
  • 303 Cleveland Kyle, TX 4
    • 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,303 Sqft ∙ Built 2006
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 493 Sampson Kyle, TX 5
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 2004
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.15
    •  
PROPERTY LISTING DETAILS
Dillar Schwartz
1.512.921.6483
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8302624
Last Updated: 12/11/2020
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