78727 Wells Branch, Austin - Need your inputs

[Navdeep Raj]

I've been looking to invest in a SFR in the North-West Austin pocket. I've been working with local agents and now finally in contract (with option period) on a house in 78728, Wells Branch. It's a 4bed 2bath 1360sq property on a 4225sq lot, single car garage for 255k. I'm a remote investor with potential to move to Austin in 5ish years (I know of the negative cash flow and comfortable with it).

My original favorite pocket was Jollyville considering the new Apple campus but houses there are no more in my comfort zone. This pocket to me is as good cos its under 5mi to Old/New Apple, Oracle, 5mi to Domain, etc. Also this house is under a mile from the Howard station meaning access to Downtown should be good. 

Apart from my assumptions and homework, I'd like to hear from other local investors and agents in the area about pros and cons of this this property/zip-code. 

[Steve R.]

Pretty good location. Cash flow would be negative in that neighborhood though. Especially at the sq ft you are talking about since you would be competing with apartments in the vicinity with similar sq ft. There are quite a lot of apts in that section between Mopac and I 35.

With new apple campus it should appreciate if you are looking at a 5 year horizon.