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Updated about 1 year ago on . Most recent reply
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Help analyze a property in Leander, TX
Hey everyone, I live in Austin and am exploring the idea of doing a house hack + STR combo. I travel frequently but would use it as my home base when I'm in town.
I found this property about an hour north of Austin: https://www.zillow.com/homedetails/17710-Fawnridge-Cir-Leand...
It has views of the lake and AirDna rates Leander, TX where it's located with a 62 market score. I'd definitely dive deeper into the regulations though. Using zillow's rent zestimate I think it would roughly break-even if used as a LTR as a backup plan.
I'm curious what the more experienced investors here think. How would you be thinking about this property? What questions would you be asking?
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Quote from @Matt Mertz:
The price makes me wonder if STRs are allowed there.
There are a lot of properties available on airbnb. The listing also states that it's approved for STR.