Active Listing  ·  165 days on market

245 Peppergrass Cv

Kyle, TX 78640
$279,000
4 Bed 3 Bath 2,101 sqft $133/sqft Built 2005 0.19 acres 2-Car Garage Pool Indian Paintbrush Sec 4B

Recently refreshed two-story home in an established neighborhood, just a short walk to a beautiful community park.

This home has been recently painted inside and out and features tile flooring throughout the entire downstairs for easy maintenance. The open living and dining areas offer a functional layout, while the kitchen includes granite countertops, ample cabinetry, and all appliances convey.

Upstairs you’ll find spacious bedrooms with ceiling fan light fixtures, walk-in closets, and two full bathrooms. Enjoy a private backyard with fire pit and room to personalize.

Conveniently located near schools, shopping, dining, and with easy access to I-35.

At $133/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

245 Peppergrass Cv, Kyle, TX 78640

Property Details

Price $279,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,101 sqft
Lot Size 0.19 acres (8,197.99 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Indian Paintbrush Sec 4B
County Hays
Zip Code 78640
$/sqft $133/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,234.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220112743
List Date February 20, 2026
Elementary School Camino Real
Middle School Armando Chapa
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.

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
208 Dandelion Loop
Indian Paintbrush Ph 2
$278,500 $116 4 bd / 3 ba 2,392 sqft , 2026-04-20
284 Palestine Trl
TALAVERA
$279,990 $190 4 bd / 2 ba 1,470 sqft , 2026-07-14
744 Fairway None
Plum Creek Ph I Sec 2-E
$279,999 $171 4 bd / 2 ba 1,640 sqft , 2026-02-04
152 Cibolo Creek Dr
Creekside Village Sec 3
$282,000 $171 3 bd / 2 ba 1,653 sqft , 2026-02-16
133 Maverick Ave
Anthem
$282,690 $178 3 bd / 3 ba 1,592 sqft , 2026-05-07

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
$1,339/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
$55,800
20% conventional investment loan

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

Estimated Gross Rent+$1,339
Principal + Interest−$1,523
Property Tax (~2.1% TX avg)−$488
Insurance (~0.5%)−$116
Est. Monthly Cash Flow $-788

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 →