Active Listing  ·  86 days on market

111 Hess Dr

Kyle, TX 78640
$249,000
3 Bed 2 Bath 1,653 sqft $151/sqft Built 2018 0.15 acres 2-Car Garage Pool Creekside Village Sec 3
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About This Home

Lowest Price in Creekside Village! Great deal on a 3 bedroom 2 bathroom home on a corner lot. Recent interior paint. Home is clean and ready for a quick sale. Home does need flooring/carpet and some additional TLC. Home will be sold as-is. Good convenient location just minutes to Kyle Crossing Shopping Center, HEB, Walmart, Lowes and many more shopping & dining options.

At $151/sqft, this home is 19% 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

111 Hess Dr, Kyle, TX 78640

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Property Details

Price $249,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,653 sqft
Lot Size 0.15 acres (6,398.96 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekside Village Sec 3
County Hays
Zip Code 78640
$/sqft $151/sqft
Days on Market ,
HOA $35/Monthly
Annual Tax Est. $6,919.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231976660
List Date May 30, 2026
Elementary School Kyle
Middle School Laura B Wallace
High School Lehman
School District ,

Have Questions About This Property?

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 30, 2026 $265,000
Previous ask $254,000
Current ask $249,000
▼ Reduced $16,000 (-6.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
198 Hogan None
Plum Creek Ph I Sec 2D $250,000 $174 3 bd / 2 ba 1,438 sqft , 2026-07-22
346 Strawn None
Plum Creek Ph 1 Sec 2C $250,000 $139 3 bd / 3 ba 1,802 sqft , 2026-07-29
130 Riley Cv
Steeplechase Sub Ph Iii Sec 4 $244,500 $198 3 bd / 2 ba 1,235 sqft , 2026-08-21
227 Hess Dr
Creekside Village Sec 4 $255,000 $168 3 bd / 2 ba 1,516 sqft , 2026-05-15
235 San Felipe Dr
Silverado At Plum Creek Sec 3A $259,000 $181 3 bd / 2 ba 1,432 sqft , 2026-06-17

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
$1,195/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
$49,800
20% conventional investment loan

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

Estimated Gross Rent+$1,195
Principal + Interest−$1,359
Property Tax (~2.1% TX avg)−$436
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-704

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 August 3, 2026.

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