Rent By The Room in Round Rock
Chandler Creek
ROI
17.26% IRR
Strategy
Rent By The Room
A large 2600+ sqft home near several universities, hospitals, and tech campuses just north of Austin in Round Rock listed for 452k. Turnkey 4 bedroom with office/flex room and a large bonus loft upstairs which can both be converted into additional bedrooms to maximize rental income, or use dedicated office space to add value for remote professionals. Lease rates on these bedrooms range from $750-900/mo. Anticipated make-ready costs are $10-12k to convert bedrooms and fully furnish the house. This property will cashflow over $700/mo once fully leased and we expect this area to experience heavy appreciation as Austin metro continues to experience job, wage, and population growth.
