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308 Keystone Loop 
Kyle, TX
78640
3 Beds 2 Baths 1,227 sqft
Built 1999
INVESTimate
$194,999
List Price
$57,425
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $158.92
- 2 Days on Market
- MLS # : 9853247
- Updated Date : 08/25/2020 at 19:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,227 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Great deal! Sold as is. Other homes selling over 200k. Just needs paint & new flooring. Beautiful back yard with a extended patio. High ceilings and nice floor plan. This home sits on a Cul-De-Sac, with low traffic, safe neighborhood and Community, no back neighbors and NO HOA! Great Starter Home for a family or even a single buyer! Come take a look! Its Move in ready For you to call home!
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 | $1,360 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$449 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$13
|
||
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.
$194,999
PROJECTED PRICE
$1,360
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
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,249 |
3.5
YEARS SAVED
$7,068
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,362
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
308 Keystone Loop Kyle, 1
- 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,360
- $1.11
-
301 Dashelle Run Kyle, 2
- 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1998
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.12
-
104 Bailey Loop Kyle, 3
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 2000
![property image]()
LEASED 11/30/19- Rent
- Rent Per SQFT
- $1,400
- $1.11
-
201 Elmer Cv Kyle, 4
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2001
![property image]()
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,495
- $1.10
-
400 Keystone Loop Kyle, 5
- 4 beds 2 baths ∙ 1,347 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,347 Sqft ∙ Built 1999
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.11
PROPERTY LISTING DETAILS
1.512.800.1359
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 9853247
Last Updated: 08/25/2020
