Active Listing  ·  172 days on market

101 Redwood Dr

Kyle, TX 78640
$309,000
4 Bed 3 Bath 2,423 sqft $128/sqft Built 2003 0.18 acres 2-Car Garage Pool Amberwood Ph One

A investor's dream! Tenants are occupying property until March 2027. Tucked away on a cul-de-sac in Kyle, this recently updated two-story home offers 4 bedrooms, 2.5 bathrooms, and approximately 2,423 square feet of comfortable living space with an open layout and great natural light throughout. The main level provides an easy flow between living and dining areas, while upstairs the primary bedroom features a walk-in closet and private bath, with three additional bedrooms offering flexibility for guests, office space, or hobbies. Conveniently located near Interstate 35 for quick access to Austin, San Antonio, and New Braunfels, this home combines updated features with a practical layout in a location that makes commuting and daily errands simple.

At $128/sqft, this home is 31% below the Kyle active market average of $186/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 Redwood Dr, Kyle, TX 78640

Property Details

Price $309,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,423 sqft
Lot Size 0.18 acres (7,805.95 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Amberwood Ph One
County Hays
Zip Code 78640
$/sqft $128/sqft
Days on Market ,
HOA $395/Annually
Annual Tax Est. $8,285.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221174849
List Date March 5, 2026
Elementary School Ralph Pfluger
Middle School Armando Chapa
High School Lehman
School District ,

Luke Allen (TREC #788149) has deep knowledge of Kyle and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Kyle

Comparable Listings Right Now

Homes currently for sale in Kyle with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
161 Prairie Verbena Dr
Indian Paintbrush Ph 3
$315,000 $150 4 bd / 3 ba 2,101 sqft , 2026-08-22
176 Dusky Thrush Dr
Meadows At Kyle Ph Five
$299,990 $181 3 bd / 2 ba 1,660 sqft , 2026-08-18
148 Buttercup Way
Indian Paintbrush Ph 3
$299,900 $163 3 bd / 3 ba 1,836 sqft , 2026-04-04
326 Covent Dr
Kensington Trails Sec 2
$299,000 $129 4 bd / 3 ba 2,322 sqft , 2026-04-16
170 Kingfisher Ln
Meadows At Kyle Ph Four
$295,000 $149 3 bd / 3 ba 1,980 sqft , 2026-05-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,483/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$61,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,483
Principal + Interest−$1,686
Property Tax (~2.1% TX avg)−$541
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-873

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Kyle, TX

Kyle sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Hays County job center 5-10 min
Tesla Gigafactory 30 min N
Downtown Austin 35 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on July 15, 2026.

📞 (254) 718-2567 [email protected] More about Luke →