Apple plans new $1B campus in Austin

Tech
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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.

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Tim_Trump

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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.

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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.

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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.

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

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:heart::heart:

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

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Well what’s the current value of that house?

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That’s the current value.

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That’s darn strong rent! :+1:

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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.

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

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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.

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

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Married her off together with your daughters. Free yourself.

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You still plan on moving to Austin for good?

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

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Why doesn’t she like Austin? The heat?

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