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338 Oxford Drive Kyle, TX 78640

5 Beds 2 Baths 2,047 sqft Built 2006

$260,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.02
  • 7 Days on Market
  • MLS # : 2545030
  • Updated Date : 01/13/2021 at 21:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,047 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

You'll love this five-bedroom, two-bathroom home situated in Kensington Trails in Kyle! With a wide-open floorplan & NO CARPET, you have plenty of opportunities to make this space your own! The expansive living area has plenty of space for large furniture and more! The kitchen is wide open with plenty of cabinets and counter space for your resident chef. A lovely backsplash and updated countertops add the perfect touch to this lovely kitchen. The Master bedroom is open and spacious featuring, high ceilings, a modern-style fan, and a large walk-in closet. The master ensuite features a vanity seating area and a large tub/shower combo. Guest bedrooms are spacious, featuring a ceiling fan and a large window for natural light. Enjoy the back patio and large backyard with plenty of greenery for your own personal oasis! It is situated in the highly coveted area of Hays ISD. *Refrigerator does not convey*

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
 

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

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$903
Property Tax -$599
Property Insurance -$142
HOA -$25
Property Management Fees -$99
CASH FLOW
-$18

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

$1,750

PROJECTED RENT

0.67%

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$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 60% 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

3.58

YEARS SAVED

$8,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,7003$1,7504$1,8005$1,825
$1,825
RENT COMPS ANALYSIS
  • 338 Oxford Drive Kyle, TX 3
    • 5 beds 2 baths ∙ 2,047 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,047 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 496 Nottingham Loop Kyle, TX 1
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2011
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.84
    •  
  • 267 Waterloo Drive Kyle, TX 2
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2007
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 270 Nottingham Loop Kyle, TX 4
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 2011
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 118 Buckingham Drive Kyle, TX 5
    • 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2014
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
PROPERTY LISTING DETAILS
Victoria Gutierrez
1.512.738.0814
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 2545030
Last Updated: 01/13/2021
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