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157 Decker 
Kyle, TX
78640
3 Beds 3 Baths 1,405 sqft
Built 2006
INVESTimate
$228,000
List Price
$66,170
REQUEST INFO
SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $162.28
- 3 Days on Market
- MLS # : 5614832
- Updated Date : 08/24/2020 at 13:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,405 sqft
- Baths : 2 full , 1 half
Listing Agent
Sienna Properties
Listing Agent's Description
Nicely updated & move in ready!Brand new vinyl plank (wood look) floors all downstairs, & new carpet up!New Quartz Counters in kitchens/baths, w/new sinks, fixtures,+lighting.New 2" blinds throughout! Brand new stainless appliances as well! AC system is only 2.5 yrs old.Nothing left to do but move right in & enjoy one of the 2 covered patios overlooking the neighborhood park & playground. This location can't be beat. Community offers multiple parks, pools, playgrounds, golf course & fishing pond!
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 | $1,500 |
| EXPENSES | Loan Payment | -$841 |
| Property Tax | -$525 | |
| Property Insurance | -$106 | |
| HOA | -$50 | |
| Property Management Fees | -$120 | |
|
CASH FLOW
-$143
|
||
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.
$228,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.66%
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
$66,170
LOAN DETAILS
$841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,000 |
| Loan Amount | $171,000 |
1.17
YEARS SAVED
$1,350
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,489
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
157 Decker Kyle, 3
- 3 beds 3 baths ∙ 1,405 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,405 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,500
- $1.07
-
743 Hogan Kyle, 1
- 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2005
![property image]()
LEASED 10/29/19- Rent
- Rent Per SQFT
- $1,450
- $1.09
-
694 Hogan Kyle, 2
- 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006
![property image]()
LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
165 Decker Kyle, 4
- 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2006
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,525
- $1.05
-
131 Decker Kyle, 5
- 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,600 Sqft ∙ Built 2006
![property image]()
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,700
- $1.06
PROPERTY LISTING DETAILS
1.512.769.2762
Sienna Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 5614832
Last Updated: 08/24/2020
