Apple plans new $1B campus in Austin


#21

78759, 78727, I guess 78729 too are low yield. $1800/ month for $300k is about right for these zip codes.
78613 & 78717 is medium yield. $1900/ month for $300k house.
78660 is high yield. $2300/ month for $300k house.

Newer houses (less than 10 years old) have higher yield but small lot 6000-7500 sqft.
Older houses (70s-80s) have lower yield but large lot 9000-12000 sqft.

Ideal rental houses are between $250k-$350k.


#22

Tim_Trump


#23

I’ve heard from Austin residents that Apple’s existing footprint in Austin is in sales and marketing and that’s what is being expanded with this effort. Not real tech jobs.


#24

Apple badges? Apple said, “…a range of jobs in engineering, R&D, operations, finance, sales and customer support.” By R&D and engineering, I think Apple meant semi not software.


#25

Austin has a lot more semiconductors people than SWE’s. I think Lisa Su actually lives in Austin? Both AMD and Intel have big presence in the area.


#26

IBM’s semi biz used to have a lot of people in Austin too. but that was years ago…


#27

:heart::heart:

Another data point: $2000 / month for $250k house - 10 yrs old


#28

Well what’s the current value of that house?


#29

That’s the current value.


#30

That’s darn strong rent! :+1:


#31

#32

Visit Austin immediately before it is too late :hot_face:

78660 is very good for cash flow (appreciation is not as fast as 78759/ 78727, no good duck roaming in the street), yield is over 9% and cap rate is over 5%. Is also very easy to rent since house is pretty new, less than 10 years old. Black Hawkes and Falcon Pointe are safe, other 78660 neighborhoods can get higher yield/ cap rate but can be a little rough.

For living, new construction in Leander and Cedar Park are dirt cheap… very large built-in square footage (3000 to 4300) and lot size (10k to 15k) for $350k-$600k.


#33

Trump stole all my money. No money no RE. :cry:


#34

Hey, you’e a semi guy. After Santa Clara, Austin is the next big semi city. So is where you belong. Sell your primary in 7x7 and buy a bigger one in Austin at cheaper price. Excess buy rentals :slight_smile: Remember, no income tax. High property tax rate? Do you maths. Property tax for a $300k SFH in Austin is lower than a $1.5M SFH in SFBA.


#35

Wife won’t allow me to move. :cry: I actually don’t mind Austin.


#36

Married her off together with your daughters. Free yourself.


#37

You still plan on moving to Austin for good?


#38

My wife is there. I’m stuck in SC till my son completed his degree.


#39

Why doesn’t she like Austin? The heat?


#40

All her siblings are in SF. Besides, Texas doesn’t have the best reputation for yellow people.