Kyle is a suburb 20 minutes South of Austin, TX and located on the way to San Antonio and Houston, with a projected population of 42,000 by 2015 and an estimated growth to 60,000 by 2020!
A new community college (2000 student capacity to begin with) has just opened in January 2014 and a new medical facility has opened there 3 years ago.
http://www.austincc.edu/hays-campus-grand-opening-and-dedication
http://www.seton.net/locations/seton_medical_center_hays/
As a result- there is a tremendous demand for housing (both rentals and purchases) and all the well known retailers have opened stores there ( The Home Depot, Lowe's, Target and many others).
This is a sweet deal!
The returns with a cash transaction are 6% but if you qualify for a 80% loan you can get as much as 22% cash on cash return with a down-payment of $30K only!
And Kyle is booming!
3 bedrooms/2 baths, 1700 sqft, 2 car garage, built in 2001
Located in quiet cul-de-sac, open floor plan, bright and spacious!
5 minutes to the the hospital and 9 minutes to the community college!
Sales price: $149,900 only ( market value is $155,000!)
Down- payment: $30,000 (for qualified US borrowers only)
Rented for: $1300 (to single lady hospital employee)
Estimated monthly cash-flow for cash transaction: $791 ROI: 6%
Estimated monthly cash flow for loan transaction: $538 ROI: 22%! (with 20% down)
Contact me for additional information at: naomiesal@gmail.com
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Information deemed to be reliable but not guaranteed. Investors are advised to conduct their own due diligence before purchasing.
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