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264 Waterloo Drive Kyle, TX 78640

4 Beds 3 Baths 2,452 sqft Built 2007

$270,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $110.11
  • 3 Days on Market
  • MLS # : 6692444
  • Updated Date : 01/03/2021 at 03:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jbgoodwin Realtors Wl

Listing Agent's Description

Spacious corner lot in the beautiful Kensington Trails of Kyle. This DR Horton home features custom work that gives it it's charming character. No carpet with the exceptions of the closets. Upgraded ceiling fans and light fixtures throughout. Remodeled half bath downstairs. Large bedrooms upstairs. Huge game room has a custom built in desk for two, perfect for working or schooling from home. Home also comes with Nest thermostat, Ring doorbell, Alert 360 security system and a U-Tec front door automatic lock with keypad and finger print reader. All work with Alexa! Enjoy watching the game on your back deck while the kids play on their own playground. Kensington Trails residents are provided with well-appointed amenities like a lagoon-style swimming pool that features a shallow wading area, two slides, and palm trees, which create a tropical-like escape in the middle of Texas. There is also an adjacent playground area that children can enjoy all year long. Easy access to Seton Hospital, local restaurants, shopping centers, and attractions in the area. Located just 20 minutes from San Marcos and Austin, residents can also explore big-city amenities just a short drive away.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
Science Hall Elementary School Primary Regular 752 48 4
Chapa Middle School Middle Regular 692 39 4
Lehman High School High Regular 2,303 116 4

Science Hall Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 48
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$996
Property Tax -$610
Property Insurance -$165
HOA -$33
Property Management Fees -$99
CASH FLOW
-$74

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.

$270,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.68%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,8304$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 264 Waterloo Drive Kyle, TX 3
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.75
    •  
  • 164 Loon Lake Drive Kyle, TX 1
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2005
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 327 Oxford Drive Kyle, TX 2
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 135 Cibolo Creek Drive Kyle, TX 4
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2018
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 311 Jarbridge Drive Kyle, TX 5
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kelly Witt
1.512.934.3278
Jbgoodwin Realtors Wl
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6692444
Last Updated: 01/03/2021
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