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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $129.83
- 2 Days on Market
- MLS # : 4832904
- Updated Date : 11/28/2020 at 17:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,102 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Military City
Listing Agent's Description
This stunning colonial style home features classical details such as dual-level front columned porches, a center stair hall, arched entryways, a separate formal dining room, classic window designs, and hardwood flooring throughout the main level! Enjoy the spacious living area which boasts a beautiful all brick wood-burning fireplace and plenty of large windows for natural lighting! Relax in the primary suite that features 2 generous walk-in closets, a full bath, and a large stretched out back balcony accessible from the primary suite. You will love the primary bathroom detail as it includes 2 stand-alone custom sinks, a gorgeous walk-in tiled shower, and separate garden tub! Entertain family and friends in the beautiful sunroom that makes for a perfect addition to this uniquely designed home! Call us for more information!
SEE MORE
- 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
* 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 | $1,840 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$628 | |
| Property Insurance | -$145 | |
| HOA | -$51 | |
| Property Management Fees | -$147 | |
|
CASH FLOW
-$138
|
||
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.
$272,900
PROJECTED PRICE
$1,840
PROJECTED RENT
0.67%
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
$78,069
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,225 |
| Loan Amount | $204,675 |
1.5
YEARS SAVED
$2,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,850
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
6126 Hartson Kyle, TX 3
- 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,840
- $0.88
-
6084 Hartson Kyle, TX 1
- 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,112 Sqft ∙ Built 2002
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
637 Sampson Kyle, TX 2
- 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 2005
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,805
- $0.89
-
753 Scrutchins Kyle, TX 4
- 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2003
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
6148 Negley Kyle, TX 5
- 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2002
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.88
PROPERTY LISTING DETAILS
1.210.331.7000
Re/max Military City
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 4832904
Last Updated: 11/28/2020
