Metro Austin Residential Home Leasing Rates

[Michael Watson]

Do the soaring prices for single family homes in the metro Austin area (including surrounding areas like Buda, Kyle, etc.) make sense to any other potential investors when applying the 1% rule? I can't make deals work out on my desired ROI without making some real concessions. The single family home rents don't seem to have caught up to the rapid growth of home price.

Is there a new metric others are using that I should be aware of and should consider when reviewing deals?

Thanks.