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21
Values Down 7%, Rent Climbs to $2,104
Updated 13 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property offers promising rental potential in Round Rock. Current market data suggests a solid monthly income range between $1,936 and $2,104, reflecting strong local demand for single-family homes with these specific floor plan specifications. Investors can anticipate an attractive rental yield of approximately 9.73%. By leveraging these income estimates rather than outdated valuations, this asset represents a stable, cash-flowing opportunity for those looking to expand their portfolio within this zip code.
More about this home
Neighborhood Assessment
South Creek in Round Rock is a stable, lived‑in neighborhood with mostly 1980s–1990s single‑family homes and strong owner‑occupant presence. You’re in an established suburb just east of I‑35, with everyday conveniences, parks, and employers in Round Rock and the greater Austin area keeping rental and resale demand pretty steady. On Elder Way specifically, nearby homes of similar size are valued in the low‑to‑mid $300Ks, while this 3‑bed, 2‑bath, 1,930 sq ft home is sitting around the mid‑$200Ks because it needs some love. Schools are decent but mixed, so families come more for affordability and commute than top‑tier ratings, which still works fine for both long‑term holds and future resale.
Market Activity
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Rental Income
$24K
Yield
9.7%
Year 1 Estimates
Fix-and-Flip
Refreshing a home with modern updates boosts the price per square foot to $203.62 from $192.73, marking a 5.6% increase. This enhancement attracts discerning buyers and positions your property to reach a higher potential sale range. These upgrades add significant value, offering a compelling path to command top-tier pricing. While rental income remains stable, the improved quality and modern appeal create a standout home, making this a rewarding investment for long-term growth.
Value Add
$21K
Post Typical Renovation
Buy-Rehab-Rent
The property demonstrates solid BRR potential with a post-renovation value estimated between $372,000 and $412,000. Renovations should effectively bridge the gap from baseline market values, capturing significant equity and maximizing the home’s overall market position. Monthly rental income is projected at $1,973, yielding an annual return of approximately 6%. While this yield is steady, investors should focus on tight renovation budgets to ensure long-term cash flow remains robust and sustainable.
Rental Income
$24K
Yield
6.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$249K
$84.1K below comp median
Comparative Market Analysis
$253K – $396K
~88 days to sell
Based on 8 comps
709 Elder Way, Round Rock Investment Report: Flip & Rental Analysis · Frontflip