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.

Enter your email to download the proforma

Join our Daily Deal List - Single property

< Back to Daily Deals

Rent By The Room in Round Rock

Listed 12/05/2022

Chandler Creek

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Short Term Rental

Updated 3 Bed STR Opportunity 15 Minutes from DFW Airport

7104 Oak Park Dr, Richland Hills

Purchase Price:$255,000

Cash Outlay:$69,850

Cashflow:$762/mo

Cap Rate:9.80%

IRR:24.76%

Long Term Rental

Fully Renovated 4 Bed with Potential ADU and Interest Rate Buydown

2942 Townsend Dr, Dallas

Purchase Price:$425,000

Cash Outlay:$114,750

Cashflow:$353/mo

Cap Rate:6.56%

IRR:20.78%

Long Term Rental

4 Bed SFH Asking $64k Below Appraised Value with Recent $80k Renovation

2202 Grove Dr, Round Rock

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$334/mo

Cap Rate:5.05%

IRR:18.57%

Long Term Rental

Turnkey Duplex Built in 2022 with Solid Price:Rent Ratio and Rapid Development Nearby

5037 Van Fleet St #A/B, Houston

Purchase Price:$400,000

Cash Outlay:$128,000

Cashflow:$192/mo

Cap Rate:6.61%

IRR:16.89%

Long Term Rental

Cashflowing 5-Unit Complex Next to Lyndon B Johnson Hospital

5603 Pickfair St, Houston

Purchase Price:$500,000

Cash Outlay:$160,000

Cashflow:$468/mo

Cap Rate:7.43%

IRR:16.19%

Long Term Rental

Strong Cashflow 34-Unit Complex

2183 E Cherry St, Paris

Purchase Price:$1,900,000

Cash Outlay:$683,000

Cashflow:$4,281/mo

Cap Rate:8.65%

IRR:22.95%