258 Joanne Loop Unit A & B · Kyle, TX 78610

$500,000

6 bd · 5.0 ba · 2,600 sqft · MultiFamily · 269 Days on market

Built 2018 9,539 sqft lot $192/sqft · 17% below area Est $606k · 17% under $53/mo HOA · 3% of rent ↓ 11% since listing

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.6/30.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Rent growth +2.1/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Discover this Modern duplex on a corner lot just 3 miles from Cabelas. This beautiful 6-bedroom 5 bath duplex in Windy Hill subdivision in Buda TX built in 2018. Each side of this well-maintained duplex features 3-bedrooms and 2.5 baths and are mirror images and boasts of an 11-foot ceiling in the living room, 10-foot ceiling in the primary bedroom creating an airy space, a 2 car garage, fenced backyard, and a covered patio. Premium features include stained concrete flooring and a gourmet kitchen equipped with granite countertops and a full suite of stainless steel appliances( including refrigerator, dishwasher, range, and microwave), and 42" upper kitchen cabinets. The property includes a 2-car garage and a large driveway for each unit, an inground sprinkler system, and a transferrable 10-year warranty with 3-years remaining. Both unit A and unit B are currently leased. Perfect for Investors.

Key facts

• 11-foot ceiling
• 10-foot ceiling
• Covered patio

Tags

• 11-FOOT CEILING
• 10-FOOT CEILING
• FENCED BACKYARD
• COVERED PATIO
• STAINED CONCRETE FLOORING
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.5-bath units multifamily listed at $500k.

Deal economics

• At list price, monthly cash flow is $-594 ($-7k/yr) — negative. Per door: $-297/mo.
• To cash-flow at today's rent, offer at most $414k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $369k (26.2% below list).
• Recommended offer: $369k (26.2% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.3% in Kyle — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#138 in TX, #3,993 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, employment A; Watch: schools D, amenities F, commute F.
• Hays CISD (rural): math 35% / reading 41% proficiency, ranked #390 of 826 in TX (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.8%/yr); 1006 active listings in the ZIP; high-income renter base; 5,270 units permitted in Hays County in 2024 (1,464 in 5+ unit buildings).
• This rent runs 37% of the median local income ($120k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• Hays County population projected at +93% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($440k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $60k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $368,900 (26.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.74% ✗
• Cap rate: 4.87%
• Cash-on-cash: -5.09%
• DSCR: 0.77
• GRM: 11.3

CMA / ARV

• ARV (median comp): $606,018
• List price: $500,000
• Delta: -17.49%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
245 Joanne Loop Unit A & B	0.03mi	6/4.0	2,748 (+6%)	7mo	$528,000	$192	79
143 Samuel Dr Unit A & B	0.18mi	6/4.0	2,748 (+6%)	4mo	$499,900	$182	75
131 Samuel Dr Unit A and B	0.18mi	6/4.0	2,748 (+6%)	8mo	$525,000	$191	72

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -28.4%
• Equity multiple: 0.07×
• Total profit: $-129,581
• Equity at exit: $74,552

10-year hold

• IRR: -45.2%
• Equity multiple: -0.45×
• Total profit: $-202,980
• Equity at exit: $43,231

Cash invested: $140,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78610

• Rents YoY: -1.8%
• Active inventory: 1006
• Price-to-rent: 22.6×

Monthly cashflow live

• Estimated rent: $3,689 high
• Mortgage (P&I): −$2,622
• Tax est. 1.5%: −$625 /mo · $7,500/yr
• Insurance: −$208
• HOA: −$53
• Vacancy / Maint / Mgmt: −$775
• Net cashflow: $-594

Break-even live

Break-even rent $4,441

Max offer price $414,036

Occupancy floor —

Sensitivity live

Price	-10% $-249	-5% $-421	+0% $-594	+5% $-767	+10% $-940
Rent	-10% $-886	-5% $-740	+0% $-594	+5% $-448	+10% $-303
Rate	-1.0pp $-342	-0.5pp $-467	base $-594	+0.5pp $-724	+1.0pp $-855

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2.5	$3,688
Total (2 units)			$3,689

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $125,000
• Closing costs: $15,000
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $53 · $636/yr

Listing history 19 events

1. 2026-06-21
   days on market $500,000 Active 269 DOM
2. 2026-06-18
   days on market $500,000 Active 266 DOM
3. 2026-06-17
   days on market $500,000 Active 265 DOM
4. 2026-06-16
   days on market $500,000 Active 264 DOM
5. 2026-06-15
   days on market $500,000 Active 263 DOM
6. 2026-06-13
   days on market $500,000 Active 261 DOM
7. 2026-06-09
   days on market $500,000 Active 257 DOM
8. 2026-06-08
   days on market $500,000 Active 256 DOM
9. 2026-06-07
   days on market $500,000 Active 255 DOM
10. 2026-06-05
    days on market $500,000 Active 252 DOM
11. 2026-06-03
    days on market $500,000 Active 251 DOM
12. 2026-06-02
    days on market $500,000 Active 250 DOM
13. 2026-06-01
    days on market $500,000 Active 249 DOM
14. 2026-05-31
    days on market $500,000 Active 248 DOM
15. 2026-03-02
    price $500,000 912-char remark

    Show marketing remark (912 chars)

    Discover this Modern duplex on a corner lot just 3 miles from Cabelas. This beautiful 6-bedroom 5 bath duplex in Windy Hill subdivision in Buda TX built in 2018. Each side of this well-maintained duplex features 3-bedrooms and 2.5 baths and are mirror images and boasts of an 11-foot ceiling in the living room, 10-foot ceiling in the primary bedroom creating an airy space, a 2 car garage, fenced backyard, and a covered patio. Premium features include stained concrete flooring and a gourmet kitchen equipped with granite countertops and a full suite of stainless steel appliances( including refrigerator, dishwasher, range, and microwave), and 42" upper kitchen cabinets. The property includes a 2-car garage and a large driveway for each unit, an inground sprinkler system, and a transferrable 10-year warranty with 3-years remaining. Both unit A and unit B are currently leased. Perfect for Investors.

16. 2025-10-29
    price $530,000 912-char remark

    Show marketing remark (912 chars)

    Discover this Modern duplex on a corner lot just 3 miles from Cabelas. This beautiful 6-bedroom 5 bath duplex in Windy Hill subdivision in Buda TX built in 2018. Each side of this well-maintained duplex features 3-bedrooms and 2.5 baths and are mirror images and boasts of an 11-foot ceiling in the living room, 10-foot ceiling in the primary bedroom creating an airy space, a 2 car garage, fenced backyard, and a covered patio. Premium features include stained concrete flooring and a gourmet kitchen equipped with granite countertops and a full suite of stainless steel appliances( including refrigerator, dishwasher, range, and microwave), and 42" upper kitchen cabinets. The property includes a 2-car garage and a large driveway for each unit, an inground sprinkler system, and a transferrable 10-year warranty with 3-years remaining. Both unit A and unit B are currently leased. Perfect for Investors.

17. 2025-09-25
    listed $560,000 Active 912-char remark

    Show marketing remark (912 chars)

    Discover this Modern duplex on a corner lot just 3 miles from Cabelas. This beautiful 6-bedroom 5 bath duplex in Windy Hill subdivision in Buda TX built in 2018. Each side of this well-maintained duplex features 3-bedrooms and 2.5 baths and are mirror images and boasts of an 11-foot ceiling in the living room, 10-foot ceiling in the primary bedroom creating an airy space, a 2 car garage, fenced backyard, and a covered patio. Premium features include stained concrete flooring and a gourmet kitchen equipped with granite countertops and a full suite of stainless steel appliances( including refrigerator, dishwasher, range, and microwave), and 42" upper kitchen cabinets. The property includes a 2-car garage and a large driveway for each unit, an inground sprinkler system, and a transferrable 10-year warranty with 3-years remaining. Both unit A and unit B are currently leased. Perfect for Investors.

18. 2025-09-12
    historical
19. 2025-01-17
    listed Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,268
• − Mortgage interest: −$28,008
• − Property taxes: −$7,500
• − Insurance: −$2,500
• − Repairs & maintenance: −$3,541
• − Management: −$3,541
• − HOA: −$636
• − Depreciation: −$14,545
• Taxable loss: −$16,004
• Est. tax savings @ 24.0%: +$3,841
• After-tax cash flow: $-3,288/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hays CISD
• NCES district ID: 4800010
• Math proficiency: 35% ▼ -15.00%
• Reading proficiency: 41% ▼ -5.00%
• Median HH income: $70,570
• Composite: 34.78/100
• National rank: #5118
• State rank: #390 of 826 in TX

Livability — Kyle

• Score: 75/100
• State rank: #138
• US rank: #3993

Category grades

Amenities F Commute F Cost of living A Crime A- Employment A Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hays County · 280,138 people
• City population: 77,531
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 48,319
• Household income: $119,698
• Rent vs Own: 21.2% rent · 78.8% own
• Severe rent burden: 611.0

Population outlook (Hays County) Hauer SSP2

• Today (2025): 286,948 people
• By 2030: 336,923 · +17.4%
• By 2040: 441,894 · +54.0%
• By 2050: 553,462 · +92.9%
• By 2075: 838,261 · +192.1%
• By 2100: 1,063,658 · +270.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 49% Hispanic / Latino 42% Two or more races 17% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 76% English-only · Spanish 20% Arabic 2% Other Indo-European 1%

Political lean MEDSL · Hays

• 2024 margin: Lean D (+5.7) · D 52.1% · R 46.5% · Other 1.4%
• 2008→2024 swing: +7.7pp toward D · 2008: -2.0pp · 2024: 5.7pp
• All cycles: 2024: D+5.7 2020: D+10.8 2016: R+0.9 2012: R+10.4 2008: R+2.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -161.50%
• Current HPI: 220.6824
• Rent YoY: ▼ -1.80%
• Metro: Austin-Round Rock-Georgetown, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-10.7% since first listed

5 events — show timeline

• 2026-03-02 Price Changed $500,000 Unlock MLS
• 2025-10-29 Price Changed $530,000 Unlock MLS
• 2025-09-25 Listed $560,000 Unlock MLS
• 2025-09-12 Delisted — Unlock MLS
• 2025-01-17 Listed — Unlock MLS