Austin/RR - Novice investor - would appreciate feedback

[Karan Jhavar]

Hi BP Community,

I would appreciate some feedback about a recent off market opportunity I came across in Austin where the market is on fire. I understand that +ve cash flow is going to be tough but my goal is to get a decent property and keep for long term (bank on Austin's appreciation potential).

Will I be overpaying if I offered $285K?

Specs -

• 1500 sq ft size/ 6500 sq ft lot
• Built 1999
• House is great condition with no known issues yet
• This house is in south creek area of Round Rock (RR)
• Offered for $285K
• Rent (expected) $1600

Thanks