The builder of this community went under (and went to jail) as a result of the economic downturn at that time, and this unit never got completely finished.

@Mai Barnes@Dennis M. is completely wrong, despite his dual economics and finance doctorates.I have it on good authority that @Caleb Heimsoth is completely unqualified for this sort of prognostication with an engineering background, of all things.Thanks to my Greek heritage, I can read the stars and the coffee grounds and I am certain it's going to be in 118 days.

Many cities in Texas have great population and economic growth, but you need to be mindful of property taxes and the fact that many neighborhoods have mandatory HOAs.

If it is on well and septic you may have other challenges which may make it economically unfeasible.Check the zoning codes to confirm the requirements.  

Don't overthink the economic factors too much- you're not buying a 100 unit community.

Local economic development corporations have info as well.   

Hi Everyone, It turns out the house I own is in an economic opportunity zone.

Here's how:  First, project your income in future years by taking the rent you expect to achieve each year, and subtract economic vacancy for each year. 

You are also correct the current apartment market with the low cap rates is a challenge to find a deal strong enough economically to make it attractive for an investor. 

You look at comps, inventory levels, development pipeline, vacancy rates,   market rents, job and i coney growth, economic growth, population base and growth.