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210 Bluestem Street Kyle, TX 78640

3 Beds 2 Baths 1,577 sqft Built 2003

$244,990

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $155.35
  • 6 Days on Market
  • MLS # : 3035445
  • Updated Date : 11/04/2020 at 23:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,577 sqft
  • Baths : 2 full
Listing Agent

Central Real Estate Group

Listing Agent's Description

Beautiful 1 story Ryland home with an open floor plan, perfect for entertaining. 3 bedrooms and 2 bathrooms with primary bedroom on opposite side of the house from additional bedrooms. Primary bedroom has private bathroom with dual vanities and a separate shower and bathtub. Wide open living room with high ceilings and brick gas log/gas starter fireplace. Front and back porch are both covered and the covered back porch overlooks a large back yard. New roof (1 yr old), new hot water heater (Oct 2020)!

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
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$904
Property Tax -$564
Property Insurance -$116
HOA -$15
Property Management Fees -$130
CASH FLOW
-$108

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.

$244,990

PROJECTED PRICE

$1,620

PROJECTED RENT

0.66%

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$70,672

INVESTMENT

$70,672

Down Payment
$61,248
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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

1.67

YEARS SAVED

$3,231

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
  • $1.03

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,6203$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 210 Bluestem Street Kyle, TX 2
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.03
    •  
  • 491 Goldenrod Street Kyle, TX 1
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $1.08
    •  
  • 340 Zebra Drive Kyle, TX 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2001
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.07
    •  
  • 730 Goldenrod Street Kyle, TX 4
    • 4 beds 4 baths ∙ 1,669 Sqft ∙ Built 2004 4 beds 4 baths ∙ 1,669 Sqft ∙ Built 2004
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 251 Goldenrod St Kyle, TX 5
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2003
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jason Hooks
1.832.580.4296
Central Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 3035445
Last Updated: 11/04/2020
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