503 Painted Creek WAY
About This Property
This property is situated in the beautiful 6 Creeks neighborhood of Kyle, Texas. The home is 1 level, 3,144 square feet, with 4 bedrooms, 3.5 baths, a dedicated office, a media room, and a flex room. The house and the property have been immaculately kept. It has a stunning back patio on a green belt. Out back, there is $40K of reimagined landscaping, hardscaping, a fire pit, and new sod. The master closet has a $14K update with a custom closet design project from the Container Store's highest-end product. The structural and design upgrade selections exceeded the model homes and many others. However, this home has a secret weapon that is extremely rare. It has a $120K (paid for) DUEL Solar Panel/Tesla Power Wall Back Up System. The new owner will walk through the door (metaphorically but real-time value) with $120K handed to them in cash and, thus, move forward to realize $0-$25/mo. electric bills. Solar panels are excellent in Texas. But with so many sunny days, much of the accrued energy is lost. Not so, with this property. The back-up Tesla batteries STORE energy. This system literally harnesses its own energy. The energy is there for back-up power during outages. The remaining energy gets sent back to the grid. Kyle has experienced increased water rates. This sustainable system more than offsets the higher water bill rates. This home is tailored for a buyer looking for long-term projection against rising utility rates and luxury upgrades.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Price Decreased |
$599,000
↓ $26K
(4.1%) | |
| Price Decreased | |||
| Apr 30, 2026 | Listed by Compass RE Texas, LLC | $624,900 | |
| Listed by Compass RE Texas, LLC | |||
| Apr 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 24, 2026 | Price Decreased |
$620,000
↓ $28K
(4.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017