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38
Values down 2%, Rent holds at $2,536
Updated 11 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property at 3000 Cohoba Drive offers solid rental potential for investors. With a projected monthly income ranging between $2,519 and $3,044, you can expect a competitive annual yield of approximately 6.92% in this Austin neighborhood. This steady income stream makes the property an attractive option for those seeking reliable cash flow. By leveraging the current market rent potential, investors can capitalize on the strong demand for single-family housing in the area.
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Neighborhood Assessment
Cherry Creek in South Austin is a mature, family-friendly neighborhood with strong fundamentals: highly rated Cowan Elementary and Bowie High nearby, low HOA fees, and easy access to Mopac, I‑35, and major shopping like H‑E‑B and Southpark Meadows. Walkability to schools, parks, dog park, and trails is a real plus, and most nearby homes are similar single‑family stock in the $400K–$600K range, which helps support values. At the same time, you’re in a typical South Austin suburban pocket, not a hyper‑trendy walk‑everywhere urban core, so appreciation leans steady rather than explosive. Climate and wind risk scores mean you’ll want solid insurance, but flood risk is minimal. Overall, it’s a stable, desirable micro‑market that attracts long‑term owners and quality tenants, with good upside in holding and gradual value growth.
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Rental Income
$33K
Yield
6.9%
Year 1 Estimates
Fix-and-Flip
Refreshing your home brings undeniable lifestyle benefits, creating a modern, inviting space that truly feels tailored to your tastes. While the market sees a slight shift in price per square foot—roughly 244 versus 253 dollars—these updates often secure faster, more meaningful connections with buyers. Choosing high-quality finishes helps your property shine, setting it apart as a standout choice for future residents. With a solid rent potential reaching over 2,700 dollars, this investment is a great way to elevate your daily living experience.
Comps
22
Buy-Rehab-Rent
This property offers a stable BRR opportunity with an estimated post-renovation value between $417,000 and $461,000. With a solid rental income projection of $2,536 monthly, investors can expect a reliable annual gross return of $30,432. The 6.9% yield reflects a balanced market performance. While value uplift remains modest, the steady rental demand in this area provides a dependable foundation for long-term cash flow and portfolio growth through the BRR strategy.
Rental Income
$30K
Yield
6.9%
Year 1 Estimates, Post Typical Renovation
Market Activity
Asking price
$399K
$18.5K over comp median
Comparative Market Analysis
$351K – $614K
~141 days to sell
Based on 8 comps
3000 Cohoba Dr, Austin Investment Report: Flip & Rental Analysis · Frontflip