Investment/rental property with good schools in Austin ?

Question

Can anyone please suggest where can we find investment/rental homes in Austin(including suburbs) that also has good schools (atleast 7 and above ratings) ? Looking for 400K or below budget. Open for new or resale homes.

So far notices either pure investment areas or high cost homes(around 600K+) with good schools. Trying to find which neighborhoods have a combination of BOTH( rental demand and good schools) but still average price of 400K or below?

Poem Turner · Answer

@Sai Kiran it can be very neighborhood dependent, but overall, yes, there's tremendous rental demand throughout the entire Austin/Round Rock MSA. I'll pull a few examples and send them to you later today.

As @Ryan Kelly pointed out, good *is* objective, and just because a school ranks at a 7 or higher when you purchase it doesn't ensure it will remain there.

Ryan Kelly · Answer

@Sai Kiran The definition of "good schools" can be vague and varies on each investor's criteria. Some website rankings look purely at test scores, while others try and give the school a more well-rounded grade. If you are in a decent B class area, the schools will be fine. As @Poem Turner stated, you will find solid schools across northern suburbs and I would put Pflugerville in the mix as well, especially with your price target. Your tenants won't always have children, and even if they do, they may not have the means to live in top-rated school zones where homes are more expensive. Their definition of "good schools" may be different than yours as well. Hope this helps!

Nagendran Manidas · Answer

As per other comments, not all renters have children and if they do, they may not be able to afford them. Based on what I see, your best bet is Pflugerville - close to Austin and affordable prices. Also some schools in that district are 8+ in greatschools rating.

Rick Reeder · Answer

@Poem Turner and @Ryan Kelly are right on. I have some clients looking hard at Wolf Ranch in Georgetown right now. Great schools, low crime, new construction, close to highways, etc. $400 is a stretch there, but if you can extend a bit or find an existing home nearby, that's a good spot.

Sai Kiran · Answer

@Poem Turner Can you help me undwerstand how is the rental demand there? Let's say we have a 400K home with around 2000 Sft in Cedar Park or Round Rock. Hpw much rent can be expected?

Is there a good rental demand as well in those areas? I was thinking that there may not be rental demand in suburbs,but i could be wrong.

Looking forward for your comments,

Poem Turner · Answer

Hi @Sai Kiran I would suggest parts of Round Rock, Cedar Park and Georgetown. Cedar Park can be tricky since it's part of the Leander school district. Some schools are excellent while others rank a bit lower.

Investment/rental property with good schools in Austin ?

Investment/rental property with good schools in Austin ?

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