Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
21
Value dips to $459K, 8 comps align
Updated 11 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 1402 Gracy Drive shows strong rental appeal for the Austin area. Based on local market data, monthly income potential ranges from $2,231 to $2,539, reflecting solid demand for this specific neighborhood. With an estimated rental yield of approximately 6.23%, this investment offers a compelling opportunity for steady cash flow. The current market rates suggest this property is well-positioned to attract quality tenants seeking a single-family home.
More about this home
Neighborhood Assessment
Gracywoods in North Austin is a hot spot for growth, and this property is right in the middle of it. Walkability is solid, with The Domain, shops, and dining just minutes away, plus easy Metro Rail access for a fast track downtown. There’s greenbelt nearby for some nature and trails, so you get the city perks without giving up fresh air. Most homes here are stable, owner-occupied single families, but rental demand is strong thanks to all the tech in the area. Curb appeal matters, but inside updates like hardwood and granite are what buyers want. Properties on the same street are selling in the $440K–$590K range, and this one, at about $285/sqft, lines up well. Local schools are average, but the area’s lifestyle is a big draw. Value growth may slow a bit, but rental demand and new developments (think Domain Northside and Q2 Stadium) keep this pocket super attractive.
Market Activity
+ Ask a question in the app
Rental Income
$29K
Yield
6.2%
Year 1 Estimates
Fix-and-Flip
Modern updates help your home shine, capturing buyer interest and supporting a competitive rent potential of up to $2,489. While current local trends show a price per square foot of $259 versus $270, these refinements drive lasting appeal. Investing in these finishes builds a welcoming environment, boosting the home's long-term desirability. A 4% shift in price per square foot reflects a focus on quality over sheer volume, ensuring your property remains a top neighborhood choice.
Comps
9
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $392,000 and $434,000. With a median renovation value of $418,900, investors should target an acquisition cost that leaves significant equity after necessary upgrades. Projected rental income sits at $2,426 monthly, delivering a 7.0% yield. While the flip potential appears low, the property’s stable rental performance and strong market demand make it a reliable hold for long-term cash flow.
Rental Income
$29K
Yield
7.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$459K
$350 over comp median
Comparative Market Analysis
$362K – $586K
~118 days to sell
Based on 8 comps
1402 Gracy Dr, Austin Investment Report: Flip & Rental Analysis · Frontflip