Keeping my home at Pflugerville, TX as a rental property.

[Jorge Avitia]

Hello! New to the community here :) 

6 years ago I bought my primary home at Pflugerville, it was a 1700 sqft new built home in a pocket neighborhood in the north west part of Pflugerville. 

Due to some personal decisions I bought a new home in round rock, about 7 miles further north of my current place and I'm moving there in a couple of months.

I was initially planning on selling my Pville home right after the move but now I'm thinking I may keep it for a few years, perhaps for another 5 years or so while the original builder warranty is still active, and keep it as a rental. I read a lot and I'm very interested in this real estate business now. 

The purchase price was 215k in 2015. I had put 20% down back then and my current mortgage is about $1300 which includes taxes and insurance. I've tried zillow and rentometer and it seems the house may rent for around $1700 so while the cash flow will not be something to brag about it may be a good idea for cashing out on appreciation a few years from now?

Also I was wondering what tenants does Pflugerville attract? It's close to the Domain and somewhat close to Austin, my home is within walking distance of Dell round rock campus, but I don't see many tech workers living around here. 

Finally the house is in great condition and with a huge private backyard (no neighbors in the back) I don't know if that makes any difference.

Thanks for any insight!!

[Ganessan P.]

@Jorge Avitia If i were you, i would put the current home for rent and get some around cashflow and not sell it. I know its seller market now, but i strongly believe the market is too hot now and you can build some more appreciation ( knowing Tesla is moving and Amazon warehouse extension ). 

Regarding the rental attract - I would agree, its not the tech crowd. I think it's more of Amazon warehouse employees ???. 

Go to zillow --> pick "Rent" option and put your property address and see in the map how many rental properties are there around your property, and save those properties and keep an eye on those. This would give some idea on days it would take to fill a tenant.