Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
697 Nautical Loop 
Kyle, TX
78640
3 Beds 2 Baths 1,506 sqft
Built 2017
INVESTimate
$245,000
List Price
$70,675
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $162.68
- 2 Days on Market
- MLS # : 3291864
- Updated Date : 08/25/2020 at 15:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,506 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful almost brand new home located in the desirable community of Crosswinds in Kyle. The home features an open and airy floor plan with a stunning kitchen open to the family room and a large center island perfect for cooking and entertaining. The master suite is separated from the guest bedrooms and boasts high ceilings and large walk in shower, with natural light shining through the windows. The backyard has a large covered patio with plenty of yard space to play!
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 | $1,600 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$564 | |
| Property Insurance | -$112 | |
| HOA | -$48 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
-$156
|
||
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.
$245,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.65%
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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
1.08
YEARS SAVED
$1,435
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,675
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
697 Nautical Loop Kyle, 3
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
227 Triumph Rd Buda, 1
- 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2015
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,470
- $1.12
-
174 Sambar Dr Buda, 2
- 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2015
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,500
- $1.14
-
375 Black Cap Run Buda, 4
- 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2006
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,650
- $1.15
-
212 Twisted Oaks Ln Buda, 5
- 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 2015
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
PROPERTY LISTING DETAILS
1.512.749.5992
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 3291864
Last Updated: 08/25/2020
