Rental investment in Austin / Round Rock / Leander

[Diya Rs]

Hi, I’m looking to buy a rental property in Austin and neighboring areas for less than 300K.

Although cash flow is good, I’m keen on getting something in a good location that appreciates long term and can weather a downturn, even if it takes a hit on cash flow.

Good areas in South Austin like Circle C Ranch and Riverside are already pricey.

Looks like North Austin, Cedar Park, Round Rock and Leander have good options.

Appreciate your inputs on the questions below -

1. 1) How does the rental market in Leander and Round Rock compare to Austin ?
2. 2) For appreciation, is it better to buy a new construction in Leander (Prominence, Ashton Woods, etc.) that is priced lower than existing homes in Round Rock/Austin ?
3. 3) Just heard about the Leander Springs project starting next year in Leander. Will it help push property prices up ?
4. 4) Between Leander and Round Rock, what’s better for rentals ?
5. 5) Though Leander ISD has top rated schools, there are very few zip codes in Leander and Round Rock assigned to these schools. Should I limit the search to these zip codes ?
6. 6) Also looking at Austin zip code 78754, that’s close to Samsung and Dell. Schools are not great here. How does it look for rentals ?

[Danny Webber]

pflugerville, round rock, liberty hill, cedar park are my areas of choice under 300k

look for low tax areas with low to no HOA fees close to major intersections with decent schools, min 3/2's, no condos