Leander / Round Rock / Pfluggerville for rental investment

Member since 2021 · 2 posts · 3 votes

Hello;

Looking for inputs and recommendations on investing in a rental property (3/4 Bd Rm Single Family House) in the northern suburbs of Austin: Leander / Round Rock / Pfluggerville.
Which city is good for such an investment to secure decent rent and appreciation over the next 7-10 years.

Thanks in advance!

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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
4y
@Avin Malhotra all of them but none of them work well as long term rentals unless you put a lot down. STR or Medium term rentals can actually have a chance of cashflowing. They will all appreciate well as Austin is gaining multi billion investments and 180+ people a day.
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Joshua Noth
Real Estate Agent · Austin, TX · Member since 2020 · 338 posts · 296 votes
4y
Hey @Avin Malhotra - The three areas you mentioned show great potential. But also, most of Austin looks poised for growth and appreciation (as @Jordan Moorhead mentioned, companies/people are moving here constantly). "Decent rent" can be very subjective...I take it that you mean decent cash flow? Or just a specific number?
Your own criteria might also influence this decision -proximity to downtown, proximity to major employers, etc.
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Avin Malhotra
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Member since 2021 · 2 posts · 3 votes
4y
Thanks @Joshua Noth and @Jordan Moorhead !

Decent rent for me would be breakeven based on local rental comps. Based on what I am reading it looks like the northern suburbs have a higher appreciation potential than Austin city. Am ranking Leander as the top area to invest based on schools and other amenities. I hope that’s a good overall conclusion.

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