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188 Wallops 
Kyle, TX
78640
4 Beds 2 Baths 1,533 sqft
Built 2014
INVESTimate
$229,900
List Price
$66,674
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $149.97
- 2 Days on Market
- MLS # : 7231764
- Updated Date : 08/25/2020 at 09:43
CONSTRUCTION
- Beds : 4
- Floor Size : 1,533 sqft
- Baths : 2 full
Listing Agent
The Damron Group Realtors
Listing Agent's Description
Affordable, well-maintained home. This home is currently set up as a traditional 3/2 but also has a flex room that can easily be used as the 4th bedroom, study, gaming or office space. Open kitchen overlooking living and dining space, granite countertops, and spacious front entry are highlights of this home. Whichever best suits your family. Nice welcoming curb side appeal on a level interior lot. Great highway proximity for commuters to go either north or south.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 78640
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$529 | |
| Property Insurance | -$113 | |
| HOA | -$29 | |
| Property Management Fees | -$130 | |
|
CASH FLOW
-$30
|
||
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.
$229,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
3.17
YEARS SAVED
$7,254
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,583
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
188 Wallops Kyle, 5
- 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,620
- $1.06
-
520 Musgrav Kyle, 1
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016
LEASED 08/28/19- Rent
- Rent Per SQFT
- $1,425
- $1.03
-
352 Langely Kyle, 2
- 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 2014
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,550
- $0.96
-
246 Wallops Kyle, 3
- 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 2015
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
-
435 Musgrav Kyle, 4
- 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,504 Sqft ∙ Built 2015
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
PROPERTY LISTING DETAILS
1.512.618.0065
The Damron Group Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 7231764
Last Updated: 08/25/2020
