Active Listing  ·  140 days on market

140 Dropper None

Kyle, TX 78640
$229,000
3 Bed 2 Bath 1,704 sqft $134/sqft Built 2006 0.17 acres 2-Car Garage Pool Brookside Ph 1

Welcome to the highly desirable Brookside community in Kyle, TX! This 3-bedroom, 2-bathroom property is the ultimate starter home or turnkey investment. Featuring a bright, open-concept layout, the spacious living area flows seamlessly into the kitchen and dining spaces, perfect for everyday living and effortless entertaining. Fresh interior paint, foundation repaired completed in July 2026 and recently installed carpet. Plus, enjoy total peace of mind with recent foundation repairs that come with a fully transferable lifetime warranty. The primary suite serves as a peaceful private retreat, while the two additional bedrooms are ideal for guests, or a dedicated home office. Step outside to a massive, private backyard situated on a quiet cul-de-sac, offering endless possibilities for relaxing, gardening, or hosting weekend BBQs. Short distance to Tobias Elementary, plus a convenient location near downtown Kyle, shopping, dining, parks, and I-35.

At $134/sqft, this home is 28% 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

140 Dropper None, Kyle, TX 78640

Property Details

Price $229,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,704 sqft
Lot Size 0.17 acres (7,501.03 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Brookside Ph 1
County Hays
Zip Code 78640
$/sqft $134/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,582
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225251218
List Date April 6, 2026
Elementary School Tobias
Middle School Laura B Wallace
High School Jack C Hays
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
524 Ferrule Dr
Brookside Ph 4
$228,250 $197 3 bd / 2 ba 1,160 sqft , 2026-05-28
1609 Arbor Knot Dr
Brookside Ph 2
$228,000 $165 3 bd / 2 ba 1,380 sqft , 2026-07-28
626 Atlantis None
Post Oak Ph 3
$234,900 $182 3 bd / 2 ba 1,292 sqft , 2026-03-13
281 Leonardo St
Post Oak Ph 02
$237,000 $138 4 bd / 2 ba 1,721 sqft , 2026-03-10
136 Atlantis None
Post Oak Ph 2
$244,900 $152 3 bd / 2 ba 1,616 sqft , 2026-08-21

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
$1,099/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
$45,800
20% conventional investment loan

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

Estimated Gross Rent+$1,099
Principal + Interest−$1,250
Property Tax (~2.1% TX avg)−$401
Insurance (~0.5%)−$95
Est. Monthly Cash Flow $-647

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

More Luxury Homes in Kyle

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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 21, 2026.

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