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354 Camelia Parkway Kyle, TX 78640

3 Beds 2 Baths 1,835 sqft Built 2008

$250,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $136.24
  • 4 Days on Market
  • MLS # : 6887228
  • Updated Date : 01/23/2021 at 03:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,835 sqft
  • Baths : 2 full
Listing Agent

Beyond The Move Realty, Llc

Listing Agent's Description

Open Concept Living - Wonderful place to call home and so much natural light! Tile everywhere, except the two extra bedrooms, easy clean and great for allergy sufferers. Wide open concept with one of the most amazing back porches to enjoy your own time or evenings out with family or friends. Located directly across from the community park, picnic and basketball court. Feeds into Hays High and located within minutes of the grocery store, shopping and about 25 minutes from the airport. Do not delay, this home will not last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

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
Kyle Elementary School Primary Regular 652 41 3
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Kyle Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 41
3
GreatSchools Rating

Wallace Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 47
4
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$868
Property Tax -$576
Property Insurance -$130
HOA -$34
Property Management Fees -$99
CASH FLOW
-$37

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.

$250,000

PROJECTED PRICE

$1,670

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6703$1,6954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 354 Camelia Parkway Kyle, TX 2
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.91
    •  
  • 304 Spruce Dr Kyle, TX 1
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2004
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 190 Tupelo Dr Kyle, TX 3
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2004
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 4482 Mather Kyle, TX 4
    • 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,784 Sqft ∙ Built 2001
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 4110 Mather Kyle, TX 5
    • 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2012
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lauren Dowling
1.512.751.9944
Beyond The Move Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 6887228
Last Updated: 01/23/2021
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