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8
Values Hit $552K; 22 Comps Back Hold
Updated 13 days ago • 21 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential, with estimated monthly income ranging from $2,550 to $3,137. This range reflects current local market demand, positioning the unit as a competitive option for potential long-term tenants in Austin. With an impressive 8.32% estimated rental yield, this investment opportunity looks particularly promising. Leveraging these market-rate figures allows for a clear, data-driven approach to maximizing your monthly cash flow and overall portfolio performance effectively.
More about this home
Neighborhood Assessment
MLK 183 in East Austin is a transitioning, investor-friendly pocket with solid access to downtown, major job centers, and growing food and retail along Webberville and nearby corridors. The street itself is mostly mid‑century single‑family homes with mature trees, stable ownership, and values generally in the low‑ to mid‑400K range, which helps support resale. Schools are below-average rated, so it’s not a pure “school district play,” but the area benefits from Austin’s overall economic strength and ongoing infill and small‑scale new builds. The 1,870 sqft, 3 bed / 2 bath layout on a roughly 0.21 acre lot is larger than several nearby comps, giving you a bit of size advantage for both resale and rental demand.
Market Activity
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Rental Income
$34K
Yield
8.3%
Year 1 Estimates
Fix-and-Flip
Updating your home creates a fresh, modern aesthetic that truly makes a property shine. With a price per square foot of $273 compared to the $267 baseline, these improvements offer a meaningful 2% increase in value. Focusing on quality upgrades ensures your home stands out to buyers while boosting rent potential toward $3,136. This approach enhances your lifestyle and creates a more desirable living space, securing a solid, attractive long-term property asset.
Value Add
$11K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $558,000 and $616,000. These figures suggest a strong opportunity to build immediate equity through strategic upgrades aligned with the local market's $319 median price per square foot. Annual rental income is projected at $35,424, generating a consistent 6% yield. With reliable demand in this Austin zip code, the property serves as a stable long-term asset that balances attractive cash flow with steady appreciation.
Rental Income
$35K
Yield
6.0%
Year 1 Estimates, Post Typical Renovation
Asking price
$410K
$190.3K below comp median
Comparative Market Analysis
$276K – $832K
~293 days to sell
Based on 8 comps
5205 Stone Gate Dr, Austin Investment Report: Flip & Rental Analysis · Frontflip