Active Listing  ·  142 days on market

140 Riley Cv

Kyle, TX 78640
$213,000
3 Bed 2 Bath 1,530 sqft $139/sqft Built 2000 0.17 acres 2-Car Garage Pool Steeplechase Sub Ph Iii Sec 4

This affordable opportunity in Kyle’s established Steeplechase neighborhood offers buyers a chance to step into homeownership with added flexibility, as the seller is willing to negotiate contributions toward the buyer’s closing costs to help make the purchase even more attainable. Those funds could potentially be used toward closing cost reduction, future repairs, or even buying down an interest rate. This 3-bedroom, 2-bath home offers approximately 1,530 square feet and plenty of potential for someone ready to add their own personal touches over time. Nearby Steeplechase Park provides walking trails, playgrounds, sports fields, picnic areas, a splash pad, and a dog park, while the surrounding area offers convenient access to schools, shopping, dining, entertainment, medical facilities, and I-35 for commuting to Austin or San Marcos. Whether you are a first-time buyer looking for a more affordable entry point into the market or someone searching for a property with long-term upside, this home presents a chance to build equity in a growing area of Kyle. The home is being sold as is and will need some repairs and updating, which has been reflected in the pricing. At $213,000, it is priced $53,390 below the current property tax appraised value of $266,390, creating an attractive value in a desirable neighborhood.

At $139/sqft, this home is 25% 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 Riley Cv, Kyle, TX 78640

Property Details

Price $213,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,530 sqft
Lot Size 0.17 acres (7,200.47 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steeplechase Sub Ph Iii Sec 4
County Hays
Zip Code 78640
$/sqft $139/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,239.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225055802
List Date April 4, 2026
Elementary School Susie Fuentes
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.

Schedule a Call →

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
427 Buckingham Dr
Kensington Trails Sec 4A
$225,000 $149 3 bd / 2 ba 1,509 sqft , 2026-07-16
150 Elmer Cv
Steeplechase Sub Ph Iii Sec 5
$233,900 $153 3 bd / 2 ba 1,524 sqft , 2026-03-23
148 Pearl Lake Dr
Southlake Ranch Ph Three
$235,000 $185 3 bd / 2 ba 1,273 sqft , 2026-07-23
300 Hortus Dr
Casetta Ranch Sec 3
$235,000 $195 3 bd / 2 ba 1,203 sqft , 2026-07-28
130 Riley Cv
Steeplechase Sub Ph Iii Sec 4
$244,500 $198 3 bd / 2 ba 1,235 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
$1,022/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$42,600
20% conventional investment loan

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

Estimated Gross Rent+$1,022
Principal + Interest−$1,162
Property Tax (~2.1% TX avg)−$373
Insurance (~0.5%)−$89
Est. Monthly Cash Flow $-602

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

Loading…
View All Luxury Homes →
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 24, 2026.

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