Active Listing  ·  16 days on market

188 Lexword Ln

Kyle, TX 78640
$295,000
3 Bed 3 Bath 1,689 sqft $175/sqft Built 2006 0.14 acres 2-Car Garage Pool The Park At Steeplechase

Welcome to this beautifully maintained home tucked away on a quiet cul-de-sac in Kyle! This move-in-ready property features thoughtful modern upgrades, an inviting open layout, and a spacious backyard perfect for relaxing or entertaining. Enjoy the peace of a low-traffic street while being seconds away from I-35, shopping, dining, and everyday conveniences. An ideal combination of comfort, location, and easy access to Austin and San Marcos!

From I-35 N, take Exit 213 toward Kyle. Continue on the frontage road and turn right onto Brent Blvd. Turn left onto Lexword. Home is at the end of the cul-de-sac on the right.

At $175/sqft, this home is 6% 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

188 Lexword Ln, Kyle, TX 78640

Property Details

Price $295,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,689 sqft
Lot Size 0.14 acres (6,163.74 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Park At Steeplechase
County Hays
Zip Code 78640
$/sqft $175/sqft
Days on Market ,
HOA $80/Quarterly
Annual Tax Est. $7,098.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242639428
List Date August 8, 2026
Elementary School Kyle
Middle School R C Barton
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
189 Ruidoso Rd
The Park At Steeplechase
$295,000 $131 3 bd / 3 ba 2,244 sqft , 2026-08-06
365 Cibolo Creek Dr
CREEKSIDE VILLAGE
$289,000 $170 4 bd / 2 ba 1,699 sqft , 2026-05-03
981 Goldenrod St
Prairie On The Creek Sec 3a
$288,000 $153 4 bd / 2 ba 1,881 sqft , 2026-07-03
531 Goldenrod St
Prairie On Creek Sec 3b
$285,000 $152 4 bd / 2 ba 1,870 sqft , 2026-06-25
627 Scheel Rd
Plum Creek Ph I Sec 2-E
$305,000 $207 3 bd / 3 ba 1,473 sqft , 2026-08-01

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-833

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 15, 2026.

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