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1704 Amy Drive Kyle, TX 78640

3 Beds 2 Baths 1,560 sqft Built 2015

$245,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $157.05
  • 4 Days on Market
  • MLS # : 7196075
  • Updated Date : 02/13/2021 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Team Price Real Estate

Listing Agent's Description

Lovely 3/2 home in the Bunton Creek community built in 2015. Open floor plan, tile floors, granite counters, laundry room! Master bath with soaking tub with separate shower. Community pool, splash pad, playground, park and basketball court. Quick access to IH-35.

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
Fuentes Elementary School Primary Regular 592 43 4
Chapa Middle School Middle Regular 692 39 4
Lehman High School High Regular 2,303 116 4

Fuentes Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 43
4
GreatSchools Rating

Chapa Middle School

  • Education Level: Middle
  • # of students: 692
  • # of teachers: 39
4
GreatSchools Rating

Lehman High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$851
Property Tax -$564
Property Insurance -$115
HOA -$28
Property Management Fees -$99
CASH FLOW
-$96

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.

$245,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.64%

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5604$1,700
$1,700
RENT COMPS ANALYSIS
  • 1704 Amy Drive Kyle, TX 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.00
    •  
  • 161 Beech Drive Kyle, TX 1
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2004
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 148 Isabel Lane Kyle, TX 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2015
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 1500 Amy Drive Kyle, TX 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2020
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
PROPERTY LISTING DETAILS
Justin Thomas
Team Price Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7196075
Last Updated: 02/13/2021
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