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

157 Decker Kyle, TX 78640

3 Beds 3 Baths 1,405 sqft Built 2006

INVESTimate

$228,000

List Price

$1,500

$1,350 - $1,650

Rent Est.

$242,250  ( +6.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $162.28
  • 3 Days on Market
  • MLS # : 5614832
  • Updated Date : 08/24/2020 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,405 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sienna Properties

Listing Agent's Description

Nicely updated & move in ready!Brand new vinyl plank (wood look) floors all downstairs, & new carpet up!New Quartz Counters in kitchens/baths, w/new sinks, fixtures,+lighting.New 2" blinds throughout! Brand new stainless appliances as well! AC system is only 2.5 yrs old.Nothing left to do but move right in & enjoy one of the 2 covered patios overlooking the neighborhood park & playground. This location can't be beat. Community offers multiple parks, pools, playgrounds, golf course & fishing pond!

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
Negley Elementary School Primary Regular 751 46 6
Barton Middle School Middle Regular 1,016 53 8
Hays High School High Regular 2,409 121 6

Negley Elementary School

  • Education Level: Primary
  • # of students: 751
  • # of teachers: 46
6
GreatSchools Rating

Barton Middle School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 53
8
GreatSchools Rating

Hays High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 121
6
GreatSchools Rating
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$841
Property Tax -$525
Property Insurance -$106
HOA -$50
Property Management Fees -$120
CASH FLOW
-$143

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.

$228,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,350

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5004$1,5255$1,700
$1,700
RENT COMPS ANALYSIS
  • 157 Decker Kyle, 3
    • 3 beds 3 baths ∙ 1,405 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,405 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 743 Hogan Kyle, 1
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2005
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 694 Hogan Kyle, 2
    • 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 165 Decker Kyle, 4
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.05
    •  
  • 131 Decker Kyle, 5
    • 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Toni Bondonzi
1.512.769.2762
Sienna Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 5614832
Last Updated: 08/24/2020
BESbswy