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Updated over 4 years ago on . Most recent reply

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9
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Nicholas Thompson
  • Austin, TX
0
Votes |
9
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Is this a good SFR deal? San Marcos , TX

Nicholas Thompson
  • Austin, TX
Posted

Seems like cash flow is impossible in Austin but if you go further South, North, or East you can find some good pockets that have decent cash flow.
Ran the numbers on this property in San Marcos, and it seems to work well (~$200/month).

House for Sale - https://www.zillow.com/homedetails/220-Mary-Max-Cir-San-Marcos-TX-78666/250405416_zpid

House next door for Rent Comp - https://www.zillow.com/homedetails/224-Mary-Max-Cir-San-Marcos-TX-78666/250405084_zpid/

The rental next door is slightly older and smaller.

Most Popular Reply

User Stats

241
Posts
136
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Jarrod Covey
  • Lender
  • Austin, TX
136
Votes |
241
Posts
Jarrod Covey
  • Lender
  • Austin, TX
Replied

You are looking in the right areas for cash flow opportunities @Nicholas Thompson. The best opportunities for cash flow in interior Austin are in zip codes 78744 and 78724, even then it's rare. There are opportunities in Kyle and Buda, though San Marcos's growth pattern and it being in Hays county gives it a leg up. Hard to miss along the 35 corridor

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