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Values adjust to $594K - $657K range
Updated 14 days ago
Your Investment Paths
Turnkey Rental
The rental potential for this Cedar Creek property is exceptionally promising. Market analysis suggests a monthly income range between $3,545 and $16,823, reflecting strong versatility in potential tenant profiles and high demand for this area. An impressive estimated yield of 47.85% highlights significant cash flow potential for investors. By leveraging these market-driven figures rather than static valuations, the property presents a compelling opportunity to maximize rental returns in the region.
More about this home
Neighborhood Assessment
Cedar Creek is a rural Bastrop County community with modest housing stock dominated by manufactured homes on 2+ acre lots. The neighborhood shows mixed market activity with comparable properties ranging from $192K-$337K. Schools in the area have below-average ratings (elementary: 1/10, middle: 2/10, high: 4/10). Climate risks are significant—major fire danger and severe wind/heat exposure create insurance concerns.
Market Activity
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Rental Income
$122K
Yield
47.8%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates a fresh, inviting atmosphere that buyers adore. While baseline properties average $263 per square foot, updated homes currently capture $178. Investing in thoughtful finishes can help your property stand out beautifully. Although updated homes show a 32% lower price per square foot than the broader baseline, renovations often shorten the time on market. This transformation unlocks lifestyle appeal, potentially boosting rent potential to between $2,231 and $3,041 monthly.
Comps
2
Buy-Rehab-Rent
This property offers a post-renovation value between $594,000 and $657,000. While the renovation potential shows a negative price-per-square-foot trend compared to local baseline sales, the scale of this 3,505-square-foot home provides significant asset value. Projected rental income sits at $2,636 monthly, resulting in an annual yield of 5.1%. Given the high price point and modest rental returns, this property functions better as a long-term equity play than a cash-flow-heavy rental investment.
Rental Income
$32K
Yield
5.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
$255K
+34% · 9 yrs
663 Thousand Oaks Dr, Cedar Creek Investment Report: Flip & Rental Analysis · Frontflip