The Carvajal Group Blog

Rental Investment Properties in Austin: Higher Returns than National Average

July 12th, 2011

The Austin Real Estate Market is still proving itself stronger than most cities in the US with a just released real estate analysis launched by HomeVestors. HomeVestors is best known for it’s advertising campaign “We Buy Ugly Houses.” It’s study is another case of Austin’s resilient economy. Making 24th on their list, Austin is one of the top cities in the US for investing in rental properties.

Austin rental prices have skyrocketed over the last year, with up to 30% increases in some downtown Austin properties. With such a hot rental market, many are finding it less expensive to purchase a property. Though it’s still not as easy to get loans as it was before the market dip, those who can purchase for investment are looking to recoup high returns.

Along with the Local Market Monitor, HomeVestor’s study puts Austin at a risk return premium at 6.6 percent, which is over 1.3 percent better than the national average of 5.3 percent.

For more information on buying investment properties in Austin, contact us today at (512) 419-7770

Tags: Austin Rental Property · Buying homes in Austin