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Updated over 4 years ago, 08/12/2020
Is this a good SFR deal? San Marcos , TX
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.