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investment properties in kyle, TX
i was exploring and saw some of the neighborhoods in kyle, Tx has school ratings like 8 and brand new houses in the range of 300K with potential rents at $2200 per month so overall making them cash flow positive.
however, i am not sure why Kyle is a popular place. it is mid way between austin and san antonio but that does not seem to be a strong enough reason.
I see a lot of investors flocking to Kyle right now due to the price points. I just bought one there myself. I think the biggest negative right now is the amount rentals in the area as the investor focus has moved to this area now. Kyle has a lot of development underway as their mayor is very progressive and has been pushing multiple initiatives to attract business and growth (including tesla)
Quote from @Vivek Kumar:
i was exploring and saw some of the neighborhoods in kyle, Tx has school ratings like 8 and brand new houses in the range of 300K with potential rents at $2200 per month so overall making them cash flow positive.
however, i am not sure why Kyle is a popular place. it is mid way between austin and san antonio but that does not seem to be a strong enough reason.
Kyle is on FIRE! I live there and invest and in my opinion the cities investment, constant development and growth are showing dividends for investors. Our neighbor Buda is stagnant in my opinion. If you need a real estate guide I would be thrilled to help.
Austin Business Journal and others have been predicting that the San Antonio --> Austin corridor will become the next biggest metroplex over the next decade. Room to build, highway connections, influx of opportunity. There's a lot of indicators that are pointing this direction. Kyle sits right in that pathway.
Shameless plug:
You can hit those numbers all day here in Bryan / College Station TX. Better schools and the economy is backed by the 2nd largest university in the nation along with a growing tech and manufacturing sector.
Kyle is set for big time growth!
Kyle has grown from 5k to 63k in a 20 year period of time. That is a large amount of growth. Here is an article in the austin business journal talking about the redevelopment/development of the downtown area of Kyle. It sure does seem that the corridor between San Antonio and Austin will be eventually developed. https://www.bizjournals.com/austin/news/2024/07/29/austin-su...
Kyle is growing super fast but SFRs seem to sit vacant for months. Rents have flattened and even decreased. Just my observation. I just bought an SFR home in New Braunfels and it's been slow go there as well.
Are you sure it would be cash flow positive? Its not even close to the 1% rule. Also got to think about maintenance which most investors set aside 15-20% of the rent just in case.
Quote from @Joseph Bui:
Are you sure it would be cash flow positive? Its not even close to the 1% rule. Also got to think about maintenance which most investors set aside 15-20% of the rent just in case.
Well will break even based on numbers I got