Real Estate Investing Performance In Round Rock
Financing information is available to all investors on request. We can discuss this with you further during our first call. Below is a table that helps summarize everything you need to know about a potential investment in Round Rock real estate.
|Avg Purchase Price||Avg Cap Rate||Avg Cash on Cash Return||Avg Cash Needed to close|
|Commercial 5+ units LTR||n/a||n/a||n/a||n/a|
|Short Term Rental (SFH)||325-375k||9% - 10%||10% - 11%||$82,000 (furnished)|
|STR (2-4 Units)||375-450k||8-10%||9-11%||$118,000 (furnished)|
|Long Term Rental (2-4 Units)||350-450k||4-6%||5-7%||$100,000|
|Long Term Rental (SFH)||325k - 350k||4-6%||5-6%||$76,000|
|Househack (2-4 Units)||375k-450k||n/a||n/a||20-25k|
|Househack (SFH)||225k - 275k||n/a||n/a||$18,000|
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Investment Tips for Round Rock Real Estate
Round Rock investors have historically favored two locations within the town: the first location is the Gattis School Road Corridor. Here, you’ll find communities such as Windy Park, Dove Creek, Round Rock Ranch, Westchester Park, and Sonoma, all of which have excellent access to the Gattis School Road. The one thing that makes it so interesting is that it feeds directly into I35 and State Highway 130. State Highway 130 connects the suburbs in northern Austin to San Antonio in the south via a high-speed toll road. Dell Technologies, headquartered at the Intersection of I35 and State Highway 45, is the main anchor of the Gattis School Corridor. Its campus serves as the primary center of commerce and other attractions for the entire area.
The second community favored by our investors is the Bushy Creek Community. It’s a community that lies a few miles west of I35 and which many refer to as ‘the base of Hill Country.’ It’s a community characterized by deep canyons, mature live oaks, and winding roads. Recent years have seen an increase in the size of the local population thanks to its proximity to Austin’s beautiful country, clean neighborhoods, and high-quality public school system.
Main Activities/Attractions of the Round Rock Area
Dell Technologies has been headquartered in Round Rock since 1994. It has an expansive campus that hosts close to 17,000 employees. The company helps individuals and organizations build their digital futures by transforming how they work, live, and play.
Since its inception, the company has specialized in providing its customers with some of the most innovative technological solutions and services available today. Its offerings are known to span both multi-cloud technologies and traditional infrastructure.
Dell also boasts a comprehensive portfolio of state-of-the-art networking and storage systems supplied via Dell EMC and cloud software made available by VMware. Its other subsidiaries include Virtustream, Pivotal, Secureworks, and Alienware.
The company deals with many customers, including startups, small businesses, large corporations, and government agencies. Although based in Round Rock, most of its sales are made internationally, where it has a presence in 180 countries.
Round Rock — the Sports Capital of Texas
Round Rock city has spent decades building and growing its sports facilities and athletic programs. All this effort has paid off in the form of a Triple-A baseball team known as the Round Rock Express, which has been playing in the city for over two decades.
The Round Rock Express
Founded in 2000, the Round Rock Express has dedicated itself to promoting the country’s national pastime in a fun, friendly, and exciting atmosphere that allows all its fans, players, and sports enthusiasts alike to enjoy the game they all love.
By hiring the best personnel working in minor league baseball, the organization has laid a foundation that enables it to take care of the three groups that allow it to work for the game it loves: its fans, sponsors, and players.
The Round Rock Express is devoted to providing its fans with affordable, exciting, family-friendly baseball. Its sponsors are assured of maximum exposure through a one-of-a-kind environment that allows for excellent marketability.
Round Rock Express players are provided with the best opportunities available to enable them to achieve their goals. The players get access to exceptional training facilities, a professional playing atmosphere, and qualified personnel to cater to their needs.
The organization remains committed to its mission and will settle for nothing less than what it has set its sights on. Round Rock Express is a baseball team committed to achieving all its goals and to entertaining the residents of Round Rock City.
Round Rock is among the most affordable suburbs close to Austin. Many of its residents have moved here because of its relative affordability. Additionally, the commute to Austin city takes less than twenty minutes, making it easy to travel to and from work daily.
Professionals working in Austin and students learning in the city have an easy commute thanks to the excellent road network in the area. These are some of the factors that have helped in making it a fantastic investment destination for real estate investors.
Success stories investing in this area
“Used Victor in finding and purchasing my first investment property. Victor and his team were knowledgeable in providing help along the way especially toward the end while getting everything squared away.”
Long Term Rental
Victor was an awesome realtor! We were first time investors in Texas and he was very responsive, experienced, and pleasant. Every question we had he answered promptly and from start to finish Victor guided us thorough the whole process and made the buying transaction as smooth as possible for us! You will not be disappointed by working with Victor Steffen, thank you Victor!
Long Term Rental
Investment Strategies for the Round Rock Area
Round Rock remains one of our top Rent by the Room markets. Its relatively low purchase prices, large single-family home floor plans, and close proximity to major employers with a contracted workforce make it an ideal place for the Rent by the Room market.
The short commute to Austin makes it appealing for working professionals and families who want to take advantage of the excellent public school system in Austin. In the long run, this means you’re assured of round-the-year occupancy, allowing you to enjoy a great return on your investment.
Is Round Rock a Good Real Estate Investment?
Round Rock, Texas, is considered to be a good market for real estate investors for several reasons:
Strong economy: Round Rock has a strong and growing economy, with major employers in the technology, healthcare, and retail sectors. This provides a steady source of employment and income for residents, which can help to drive demand for housing and rental properties. Round Rock, Texas, is home to several major employers, including:
Dell Technologies: Dell Technologies is a technology company that provides a range of products and services, including laptops, desktops, servers, and storage solutions.
H-E-B: H-E-B is a grocery store chain with headquarters in San Antonio, Texas.
Charles Schwab: Charles Schwab is a financial services company that provides a range of investment and banking services.
St. David’s Round Rock Medical Center: St. David’s Round Rock Medical Center is a healthcare facility that provides a range of medical services, including emergency care, diagnostic imaging, and inpatient and outpatient surgery.
IBM: IBM is a technology company that provides a range of products and services, including cloud computing, artificial intelligence, and cybersecurity solutions.
Growing population: Round Rock has seen significant population growth over the last several years, as people flock to the area for its quality of life, job opportunities, and affordable housing options. This growth has helped to fuel demand for housing and rental properties, making Round Rock an attractive market for real estate investors. According to data from the United States Census Bureau, the population of Round Rock has grown by approximately 40% between 2010 and 2020, from just over 99,000 residents to over 140,000 residents. This growth has been driven by a range of factors, including the city’s strong and growing economy, quality of life, and affordable housing options.
Low crime rate: Round Rock has a low crime rate compared to other cities in Texas and the United States, which can make it an attractive place for families and renters. According to data from the Federal Bureau of Investigation (FBI), the crime rate in Round Rock has been consistently low over the last 10 years, with only a few fluctuations.
In general, the crime rate in Round Rock has trended downward over the last 10 years, with a notable decrease in the overall number of crimes reported. This decrease in crime is likely due to a combination of factors, including increased policing efforts, community programs aimed at reducing crime, and improvements in technology and surveillance.
Quality of life: Round Rock is known for its quality of life, with a range of parks, recreational facilities, and community events that provide residents with opportunities for fun and relaxation. Some of the most popular attractions and activities in Round Rock include:
Old Settlers Park: Old Settlers Park is a large park that offers a range of recreational facilities, including hiking and biking trails, picnic areas, sports fields, and a playground.
Round Rock Premium Outlets: Round Rock Premium Outlets is a shopping center that features a range of high-end and designer retail stores, offering shoppers the chance to find great deals on designer clothing, accessories, and home goods.
Round Rock Express: Round Rock Express is a minor league baseball team that plays its home games at Dell Diamond Stadium in Round Rock.
The Rock Sports Park: The Rock Sports Park is a multi-sport facility that offers a range of activities, including indoor soccer, rock climbing, and batting cages.
The Chalk Walk Arts Festival: The Chalk Walk Arts Festival is an annual event that takes place in Round Rock, featuring a range of artists and performers who create colorful and vibrant street murals and chalk art.
Affordable housing: Round Rock offers a range of affordable housing options, from single-family homes to apartments and townhomes, making it an attractive market for real estate investors seeking to invest in rental properties. Over the last 10 years, the housing market in Round Rock, Texas, has been relatively stable and has experienced moderate growth. According to data from Zillow, the median home value in Round Rock has increased by approximately 40% between 2011 and 2021, from approximately $140,000 to over $195,000. This growth has been driven by a range of factors, including the city’s strong and growing economy, quality of life, and affordable housing options.
Is it a Good Time to Invest in Round Rock?
Now is an excellent time to invest in Round Rock real estate!
The community has experienced a range of exciting developments over the last 3 years, as the city continues to grow and attract new residents and businesses. Some of the most notable developments in Round Rock include:
Expansion of the Round Rock Premium Outlets: The Round Rock Premium Outlets have undergone a significant expansion, adding new stores and restaurants to the already popular shopping center.
Development of new residential communities: Several new residential communities have been developed in Round Rock, offering residents a range of new housing options and amenities.
Expansion of the Round Rock Medical Center: The Round Rock Medical Center has undergone a major expansion, adding new medical facilities and services to the city.
Development of new parks and recreational facilities: Round Rock has continued to invest in its parks and recreational facilities, adding new hiking and biking trails, sports fields, and playgrounds.
Expansion of the Round Rock Express minor league baseball team: The Round Rock Express minor league baseball team has continued to grow in popularity, attracting thousands of fans to Dell Diamond Stadium for games and other events.
Best Neighbourhoods to Invest in Round Rock
The most desirable neighborhoods in Round Rock, Texas can vary based on a number of factors, including location, proximity to amenities, and home prices. Some of the most popular and sought-after neighborhoods in Round Rock include:
Teravista is a large master-planned community located in the northern part of Round Rock, offering a range of amenities, including parks, trails, a golf course, and a community pool.
La Frontera is a large shopping, dining, and entertainment center located in the heart of Round Rock, offering a range of options for residents and visitors.
Chisholm Valley is a neighborhood located in the southern part of Round Rock, offering spacious homes, scenic views, and a convenient location near amenities and attractions.
As for the most affordable neighborhoods in Round Rock for real estate investors, some of the more budget-friendly areas in the city include:
Old Town is a historic neighborhood located in the heart of Round Rock, offering more affordable homes and a convenient location near amenities and attractions.
Brushy Creek is a neighborhood located in the northern part of Round Rock, offering more affordable homes and a convenient location near amenities and attractions.
East Palm Valley
East Palm Valley is a neighborhood located in the southern part of Round Rock, offering more affordable homes and a convenient location near amenities and attractions.
Financing Information for Round Rock Real Estate Investors
If you’re looking for financing, you’ll be glad to learn that JJVM can finance owner-occupied loans for single-family or house hackers’ investments. Such a loan will attract a 20% down payment.