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172 Kookaburra Bend Kyle, TX 78640

4 Beds 2 Baths 1,889 sqft Built 2017

$259,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $137.11
  • 4 Days on Market
  • MLS # : 8109549
  • Updated Date : 11/07/2020 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,889 sqft
  • Baths : 2 full
Listing Agent

Texas Dream Realtors

Listing Agent's Description

Don't miss this great opportunity located in Meadows at Kyle! Gorgeous 4/2 features a granite kitchen with plentiful storage, and an easy commute to Buda, Austin, San Marcos, San Antonio! Open layout is great for entertaining.**Fresh paint and carpet replaced last week ** Beautiful neighborhood pool with playground. Go see today!

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
Tom Green Elementary School Primary Regular 607 44 3
Mccormick Middle School Middle Regular NA
Hays High School High Regular 2,409 121 6

Tom Green Elementary School

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 44
3
GreatSchools Rating

Mccormick Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hays High School

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

$233,100$284,900$259,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$956
Property Tax -$596
Property Insurance -$133
HOA -$60
Property Management Fees -$133
CASH FLOW
-$218

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.

$259,000

PROJECTED PRICE

$1,660

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-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,7954$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 172 Kookaburra Bend Kyle, TX 2
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 401 Northern Flicker St Kyle, TX 1
    • 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,699 Sqft ∙ Built 2016
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 220 Kookaburra Bend Kyle, TX 3
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 445 Kingfisher Ln Kyle, TX 4
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2017
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 433 Kingfisher Lane Kyle, TX 5
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2017
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jessica Evans
1.512.507.5660
Texas Dream Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8109549
Last Updated: 11/07/2020
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