About This Home

AMAZING opportunity to own this SPACIOUS SINGLE FAMILY home located in the heart of Kyle! This home features 4 bedrooms with the primary bedroom on the main floor AND nearly 2000 square feet of living space! The seller spared no expenses rehabbing this home and making it MOVE IN READY for the new owner. Featuring new luxury vinyl flooring, new roof, brand new kitchen including new countertops, hardware, cabinets, upgraded bathrooms, fresh interior paint...the list goes on! Easy access to Downtown Kyle, shopping and dining. Enjoy a short commute to Downtown Austin as well as I-35. Make your showing appointment today!

At $155/sqft, this home is 14% below the Kyle active market average of $181/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1266 Cherrywood None, Kyle, TX 78640

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Property Details

Price $284,500

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 1,837 sqft

Lot Size 0.23 acres (10,062.36 sqft)

Year Built 2006

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Amberwood Ph 05

County Hays

Zip Code 78640

$/sqft $155/sqft

Days on Market ,

HOA $406/Annually

Annual Tax Est. $7,552.14

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246480471

List Date September 11, 2026

Elementary School Ralph Pfluger

Middle School Armando Chapa

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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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

113 Screech Owl Dr
Meadows At Kyle Ph Four $279,999 $179 3 bd / 2 ba 1,562 sqft , 2026-07-08

176 Dusky Thrush Dr
Meadows At Kyle Ph Five $279,990 $169 3 bd / 2 ba 1,660 sqft , 2026-08-18

271 Auburn St
Sunset Hills Ph Two $279,900 $188 3 bd / 2 ba 1,492 sqft , 2026-09-17

1148 Amberwood Loop
Indian Paintbrush Sec 4B $289,900 $156 4 bd / 2 ba 1,855 sqft , 2026-07-06

245 Peppergrass Cv
Indian Paintbrush Sec 4B $279,000 $133 4 bd / 3 ba 2,101 sqft , 2026-02-20

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

$1,366/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

$56,900

20% conventional investment loan

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

Estimated Gross Rent+$1,366

Principal + Interest−$1,553

Property Tax (~2.1% TX avg)−$498

Insurance (~0.5%)−$119

Est. Monthly Cash Flow $-804

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 →

Neighborhood Context

About Cherrywood

Cherrywood is where East Austin's artsy identity has its deepest roots. The neighborhood - bounded roughly by Airport Boulevard, Manor Road, 51st Street, and Berkman Drive - has long been a hub for Austin's creative community, anchored by the Cherrywood Coffeehouse and surrounded by the kind of craftsman bungalows and cottage-style homes that photographers and painters have claimed as studios for decades.

The neighborhood sits north of the East 6th entertainment corridor and south of Mueller, which gives it a residential calm that the core of East Austin lacks while maintaining easy access to both. Manor Road, the main commercial street bordering Cherrywood to the north, has excellent dining - Paperboy, Hillside Farmacy, and Cherrywood Coffeehouse anchor a walkable strip that draws residents from surrounding neighborhoods.

☕

Cherrywood Coffeehouse

The neighborhood's anchor institution - a beloved independent coffeehouse that has been drawing the Austin arts community to Cherrywood for years. Outdoor seating, live music, and a genuine neighborhood hub.

🍽️

Manor Road Dining

Hillside Farmacy, Paperboy, and the broader Manor Road corridor offer excellent farm-to-table and creative dining within easy walking distance of most Cherrywood homes.

🎨

East Austin Studio Tour

The annual East Austin Studio Tour has Cherrywood at its epicenter - over 200 artists open their studios each November for one of Austin's most beloved cultural events.

🚶

Walk Score 81

Coffeehouse, restaurants, parks, and the Mueller Farmers Market are all walkable. Cherrywood is one of East Austin's most genuinely pedestrian-friendly residential neighborhoods.

Full Cherrywood Guide →

About the Author

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 September 12, 2026.

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

1266 Cherrywood None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Cherrywood

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

1266 Cherrywood None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

About Cherrywood

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

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