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Values Hold at $348K, 8 Comps Deep
Updated 13 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows solid potential for investors, with estimated monthly rents ranging between $1,967 and $2,240. These figures, supported by recent market activity in Leander, suggest a healthy demand for local single-family housing rentals. With a rental yield of approximately 7.83%, this opportunity stands out as a strong candidate for your portfolio. The consistent income potential provides a reliable path toward long-term cash flow and steady market performance.
More about this home
Neighborhood Assessment
Waterfall Ave sits in an established Leander neighborhood that’s quietly benefiting from Austin’s northward growth. You’ve got solid public schools close by, including a highly rated middle school and a decent high school, plus quick access to everyday essentials, restaurants, and services along 183 and near Old Town Leander. The block itself is mostly 3‑bed single‑family homes, and values in the immediate area cluster in the high‑200Ks to mid‑300Ks. That keeps this 1,974 sqft, 2.5‑bath home competitive and attractive for families who want space without paying new‑build premiums, though rising taxes and separate wind/fire insurance are worth watching long‑term.
Market Activity
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Rental Income
$25K
Yield
7.8%
Year 1 Estimates
Fix-and-Flip
Updated homes in this neighborhood capture a slight premium, with a price per square foot of 163.60 compared to the baseline 162.61. This represents a 0.6 percent increase, helping properties feel fresher and more competitive. Modern finishes unlock stronger rental potential and faster sales, cutting time on the market by over four months. For homeowners and investors, these enhancements create a polished, inviting space that resonates with today’s savvy buyers.
Value Add
$2K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a post-renovation value between $303,000 and $335,000. With a limited price-per-square-foot uplift from renovations, focus on cosmetic upgrades that drive renter appeal rather than extensive structural changes to maximize your exit value. Projected monthly rents of $2,135 provide a solid 8% yield. This performance creates a stable foundation for a long-term hold, provided your acquisition costs allow for enough equity cushion to withstand current market price fluctuations.
Rental Income
$26K
Yield
8.0%
Year 1 Estimates, Post Typical Renovation
Asking price
$345K
$2.9K below comp median
Comparative Market Analysis
$313K – $385K
~63 days to sell
Based on 8 comps
1407 Waterfall Ave, Leander Investment Report: Flip & Rental Analysis · Frontflip