Active Listing  ·  3 days on market

149 Dropper None

Kyle, TX 78640
$249,000
3 Bed 2 Bath 1,696 sqft $147/sqft Built 2007 0.22 acres 2-Car Garage Pool Brookside Ph 01

Rare opportunity in Kyle with no HOA dues! This well-kept 3-bedroom home includes a study/flexible second living space. Set on an oversized cul-de-sac lot, it offers plenty of room to enjoy the Texas-sized backyard from the covered back patio. A covered front porch adds to the home’s curb appeal. Inside, you’ll find an open layout with high ceilings, arched details, split bedrooms, and crown molding. There is no carpet in the home, just easy-care vinyl flooring and tile throughout. Roof is only 2.5 years old! Other features include a carriage-style garage door and a new back fence. Conveniently located within walking distance of Tobias Elementary and with easy access to Lake Kyle Park, this home is a great fit for first-time buyers, downsizers, or investors.

At $147/sqft, this home is 21% 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

149 Dropper None, Kyle, TX 78640

Property Details

Price $249,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,696 sqft
Lot Size 0.22 acres (9,753.08 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Brookside Ph 01
County Hays
Zip Code 78640
$/sqft $147/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,945.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244291274
List Date August 21, 2026
Elementary School Tobias
Middle School Laura B Wallace
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
1672 Treeta Trl
Bunton Creek Ph 1-A
$250,000 $160 3 bd / 2 ba 1,560 sqft , 2026-03-12
270 Cushman Dr
Waterleaf Ph B Sec 4
$250,000 $163 3 bd / 2 ba 1,536 sqft , 2026-07-24
141 Fabion St
Casetta Ranch Sec 1
$245,000 $137 3 bd / 3 ba 1,789 sqft , 2025-07-15
145 Myrtle St
Waterleaf
$245,000 $184 3 bd / 2 ba 1,332 sqft , 2026-08-12
2963 Winding Creek Rd
Casetta Ranch
$244,990 $206 3 bd / 2 ba 1,191 sqft , 2025-07-09

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

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 August 23, 2026.

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