I wouldn't bet on appreciation in that area.Here are the stats for 70114:ZIPCODE:  701142016 Total sales:  982016 Average price/sq ft:  $116.952017 Average price/sq ft:  $116.55ZIP CODE:  701142016 Average price:  $196,4482017 Total sales:  1382017 Average price:  $200,824% Change in price/sq ft:  -0.30%Kimberly is also right when she said, "you are going to find a hard time finding anything on the MLS these days".

I think you just need to drive through and talk to police/firemen and see what neighborhoods are A,B,C or Ds

Yes we have a great rental market here but high priced properties leaves little to no cash flow unless you are lucky or buy c or d class areas.

I don't know where this property is located or the property class, I'm assuming it's C- or D class if the rent actually is $529 per month or something close to this amount.

I know for my first investment I would like to stick with SFR or Multi-family rentals in C+ or above neighborhoods that need some rehab.

There are relatively large areas of Austin that are definitely class A (like Steiner Ranch, Circle C - and where I doubt you'll find good investment properties) and areas that are in transition or closer to C or D (like east Austin - where it might change from street to street).

If you are buying a little mom and pop building like something under $200k in any of the C or below range neighborhoods your best business tenant is a barber.

I wouldn't invest in C or D neighborhoods, at this time, unless you plan on accepting Section 8.

@Sharlene Burch I don’t invest in anything I can’t control.Unless, you have control over the stock market I wouldn’t keep anything I wanted to keep in their... in fact in the long run you’d prolly be better off investing in some c or d properties.

Top rents in the neighborhood is 1350, so one could bet on the market to keep rising and rents to continue to go up.