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200 Rudy Lane Kyle, TX 78640

4 Beds 3 Baths 1,991 sqft Built 2007

$260,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $130.59
  • 7 Days on Market
  • MLS # : 8828528
  • Updated Date : 02/01/2021 at 23:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,991 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate Austin

Listing Agent's Description

Lovely 4 bedroom, 2.5 bath home located in Waterleaf! Be welcomed by a plethora of natural light from the large windows and reflecting off of the clean tile flooring throughout the open floor plan. The kitchen includes all black electric appliances, an abundance of cabinet space, large center island, recessed lighting and beautiful new light fixtures. All but one bedroom have wood laminate flooring and ceiling fans. The master bath has a large walk in shower and garden tub. Not only is the inside beloved, but this home is also on a great sized lot and has a large covered back patio for outdoor activities! Waterleaf is a beautiful neighborhood with many options for outdoor recreation, also included is a community pool, park, playground, walking, biking and hiking trails. Get ready to fall in love!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Tobias Elementary School Primary Regular 715 45 4
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Tobias Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 45
4
GreatSchools Rating

Wallace Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 47
4
GreatSchools Rating

Lehman High School

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$903
Property Tax -$599
Property Insurance -$139
HOA -$35
Property Management Fees -$99
CASH FLOW
-$135

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.

$260,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.63%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6404$1,6705$1,685
$1,685
RENT COMPS ANALYSIS
  • 200 Rudy Lane Kyle, TX 3
    • 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 361 Apricot Drive Kyle, TX 1
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 2007
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 222 Tower Drive Kyle, TX 2
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2010
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 321 Apricot Dr Kyle, TX 4
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.80
    •  
  • 350 Gina Drive Kyle, TX 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2013
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.86
    •  
PROPERTY LISTING DETAILS
Natalie Freeman
United Real Estate Austin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 8828528
Last Updated: 02/01/2021
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