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PROPERTY INFO
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
- #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
* 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
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
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
-
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
1.512.934.3278
Jbgoodwin Realtors Wl
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 6692444
Last Updated: 01/03/2021
