Investing in South/South East Austin (zip code 78747)

[Ridham Shah]

I am considering one of the new homes in the Vistas at Austin as an investment property. There are 500+ new homes planned in the area, as well as apartments and commercial development at goodnight ranch across the road. This could lead to an oversupply of rental homes keeping the rents down, but I am told there is tremendous demand. Furthermore, the proximity to downtown (~15 min) and proposed Tesla gigafactory (~20 min) seem enticing. 

Looking to buy a new SFH ~1800sqft for ~$300K. Worth it?