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12
Values dip to $548K, rent holds $2,741
Updated 12 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 1302 Fairwood Road shows strong rental potential in the current Austin market. Monthly income estimates range between $2,534 and $3,003, providing a solid foundation for investors looking for consistent cash flow. With an estimated annual yield of 5.94%, this single-family home aligns well with local market trends. These figures suggest a steady return on investment, making it a reliable option for those seeking balanced rental performance.
More about this home
Neighborhood Assessment
Upper Boggy Creek in Austin is a super convenient, walkable neighborhood, packed with character homes and mature trees. You're just blocks from the Mueller greenbelt, Dell Children's Hospital, and a quick drive to downtown or UT, which is great for both families and professionals. The local school options like Maplewood Elementary and Kealing Middle are highly rated, which always helps resale and family rental appeal. On the numbers side, most single-family homes nearby are priced between $420K–$620K, with this 3-bed, 2-bath, 1,309 sqft home estimated around $559K. That lines up with the area, and the added detached studio is definitely a plus. The biggest watchout: some climate risks (mainly heat and wind), but no real flood or fire threat. Taxes are a bit high for Austin but par for this central location.
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Rental Income
$33K
Yield
5.9%
Year 1 Estimates
Fix-and-Flip
Upgrading your home creates a significant edge, lifting the price per square foot from roughly 448 dollars to 524 dollars. This 17 percent boost helps your property stand out, potentially elevating its value by nearly 100,000 dollars. Modern finishes unlock greater rent potential and keep your home competitive. While market timing varies, investing in quality improvements is a smart way to enhance your lifestyle and long-term equity, making your property a standout choice.
Value Add
$99K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $600,000 and $663,000. Investors can expect a clear uplift in equity by modernizing the 1948 structure to reach competitive market standards. Projected rental income hits $2,889 monthly, generating $34,674 annually. A 5.5% yield is respectable for this East Austin area, balancing steady cash flow with strong long-term appreciation prospects in a historically high-demand urban neighborhood.
Rental Income
$35K
Yield
5.5%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$559K
$71.9K below comp median
Comparative Market Analysis
$520K – $961K
~334 days to sell
Based on 10 comps
1302 Fairwood Rd, Austin Investment Report: Flip & Rental Analysis · Frontflip