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165 Cherry Laurel Ln Kyle, TX 78640

3 Beds 2 Baths 1,858 sqft Built 2020

INVESTimate

$244,990

List Price

$1,750

$1,575 - $1,925

Rent Est.

$260,302  ( +6.25%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $131.86
  • 5 Days on Market
  • MLS # : 7078656
  • Updated Date : 08/22/2020 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

D.r. Horton, America's Builder

Listing Agent's Description

UNDER CONSTRUCITON-EST COMPLETION IN JAN 2021. Culdesac location. 1863 SqFt. Spacious, highly sought after, 3 bedroom plan. 2.5 baths in this extremely popular plan. The primary bedroom resides downstairs with the other two bedrooms up. This home sits on a beautiful lot with a covered back patio to enjoy the view in the shade. The kitchen is open to the living room with ample cabinetry, gorgeous granite counters, stainless steel appliances, large corner pantry and enough space for several bar stools.

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
Camino Real Elementary School Primary Regular 769 52 3
Simon Middle School Middle Regular 615 44 3
Hays High School High Regular 2,409 121 6

Camino Real Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 52
3
GreatSchools Rating

Simon Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 44
3
GreatSchools Rating

Hays High School

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

$220,491$269,489$244,990

PURCHASE PRICE

$1,575$1,925$1,750

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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 $1,750
EXPENSES Loan Payment -$904
Property Tax -$564
Property Insurance -$132
HOA -$40
Property Management Fees -$140
CASH FLOW
-$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$244,990

PROJECTED PRICE

$1,750

PROJECTED RENT

0.71%

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) 3.00%
Vacancy 6.72%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,922

INVESTMENT

$66,922

Down Payment
$61,248
Rehab Estimate
$2,000
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,248
Loan Amount $183,743
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,736

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7504$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 165 Cherry Laurel Ln Kyle, 4
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 427 Quail Run Buda, 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2005
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 519 Twisted Oaks Ln Buda, 2
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2016
    property image
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 212 Twisted Oaks Ln Buda, 3
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 459 Twisted Oaks Ln Buda, 5
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2016
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
PROPERTY LISTING DETAILS
Dave Clinton
1.512.270.6196
D.r. Horton, America's Builder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7078656
Last Updated: 08/22/2020
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