About This Home

The Ridgeland - This two-story home is host to a spacious open floorplan shared between the family room, dining room and kitchen on the first level, while the second floor is occupied by three bedrooms – including the luxurious owner’s suite featuring a private bathroom. Photos are for illustrative purposes only. Estimated Completion August 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $167/sqft, this home is 10% 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

262 Parsons None, Kyle, TX 78640

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Property Details

Price $238,999

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,427 sqft

Lot Size 0.09 acres (3,815.86 sqft)

Year Built 2026

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Plum Creek North

County Hays

Zip Code 78640

$/sqft $167/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. $1,181.81

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT229212702

List Date May 7, 2026

Elementary School Laura B Negley

Middle School R C Barton

High School Jack C Hays

School District ,

Have Questions About This Property?

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

294 Parsons None
Plum Creek North $240,999 $169 3 bd / 3 ba 1,427 sqft , 2026-06-10

225 Stark None
Plum Creek North $228,999 $186 3 bd / 2 ba 1,230 sqft , 2026-06-30

270 Parsons None
Plum Creek North $227,999 $185 3 bd / 2 ba 1,230 sqft , 2026-04-22

857 Powell St
Plum Creek North $250,000 $175 3 bd / 3 ba 1,427 sqft , 2026-02-12

286 PARSONS None
Plum Creek North $260,999 $163 4 bd / 3 ba 1,602 sqft , 2026-06-10

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

$1,147/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

$47,800

20% conventional investment loan

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

Estimated Gross Rent+$1,147

Principal + Interest−$1,304

Property Tax (~2.1% TX avg)−$418

Insurance (~0.5%)−$100

Est. Monthly Cash Flow $-675

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 →

About the Author

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 27, 2026.

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

262 Parsons None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

262 Parsons None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

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