Realtix

Properties / Round Rock

100 Tesla Cir

Highland Horizon · Round Rock, TX 78681
Market listingAnalysis completeMultifamily
Asking$2,000,000
Est. cap rate2.7%
Score53
I'm interested

This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.

Overview

Units
5
Square feet
11,215
Year built
2026

A new-construction 5-plex of townhomes in a gated Round Rock community, offered together at a single asking price. The listing gives 11,215 sf of building area but no rents.

Financials

From the listing

Asking price$2,000,000Confirmed · Listing agent
Price per sq ft$178Calculated
Price per unit$400,000Calculated
Reported rentNot disclosed by the listing

Realtix pro forma

An estimate of a typical year of ownership. Based on Realtix's market-rent estimate, because the listing does not disclose rents. Every line below is an estimate or assumption, not a reported figure.

Gross rent$138,000$11,500 per month · estimate, low confidence
Vacancy-$6,900assumption
Effective income$131,100
Property taxes-$40,000assumed 2% of price
Insurance-$10,000assumed 0.5% of price
Management-$10,488assumption
Repairs and maintenance-$10,488assumption
Capital reserves-$6,555assumption
Net operating income$53,569
Estimated cap rate2.68%NOI divided by asking price
Debt service-$127,093assumption
Cash flow after debt-$73,524per year
Cash-on-cash return-13.1%on $560,000 down payment, closing costs
Debt coverage (DSCR)0.42xlenders usually want 1.20x or more
  • Rent: Realtix market-rent estimate (low confidence)
  • Vacancy 5%, management 8%, maintenance 8% and reserves 5% of collected rent
  • Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price

Units

Unit ARent pending diligence
Unit BRent pending diligence
Unit CRent pending diligence
Unit DRent pending diligence
Unit ERent pending diligence

Realtix plan

Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.

Strategy: New-build lease-up

Strengths

  • 2026 construction with modern finishes
  • Gated community with walkable retail nearby
  • Large townhome units suit families and long-term tenants

Risks

  • No rent or occupancy history, so income is pro forma
  • Pricing appears set by the builder side, so it may reflect retail townhome values rather than investor returns
  • Round Rock has substantial new build-to-rent supply

Catalysts

  • Lease-up at market rents to establish a stabilized NOI
  • Possible individual unit sales as townhomes for exit

Due diligence still needed

  • Confirm whether units are platted separately and can be sold individually
  • Get comparable townhome rents in Round Rock
  • Review HOA or community fees and builder warranty
  • Confirm lot size and tax estimate with Williamson CAD

Realtix screening score

53of 100
Cash flow24
Estimated cap rate 2.7%
Price72
$178 per sq ft
Building age100
Built 2026
Data confidence35
Estimated rents (low confidence)
How this score works

The score is calculated, not hand-picked. Cash flow (40%) scales the estimated cap rate from 2% to 8%. Price (25%) scales price per square foot from $320 down to $120. Building age (20%) scales the year built from 1955 to 2015. Data confidence (15%) is higher when rents are reported rather than estimated. It ignores location quality, condition inside the walls and tenant quality, which need diligence.

Realtix preliminary screening score. Not investment advice, and it does not predict returns.

Interested in this property?

Tell Realtix what you need: a tour, the rent roll and documents, help making an offer or financing. You get a reply within 24 hours.

Media

No media yet.

Photos appear here only when Realtix holds confirmed rights to show them.

Map

Pending diligence Coordinates have not been added.

Sources

Listing source
CityFeet (LoopNet network)
Listing brokerage
Cavalier Real Estate · David Cavalier
Last verified
2026-10-08

Updates

  • 2026-10-08 Listing checked against the source.
Austin, TXProperties liveEvery number sourced and datedDisclosuresTermsPrivacy