Properties / Round Rock
1617 Balmorhea Ln
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 1
- Beds
- 3
- Baths
- 2
- Square feet
- 1,755
- Year built
- 2000
- Lot
- 6,642 sq ft
A single-story brick and siding home from 2000 with 1,755 sq ft, priced at $170 per sq ft per Redfin. Flagged as a hot home expected to sell quickly.
Financials
From the listing
| Asking price | $299,000 | Confirmed · MLS reported |
| Price per sq ft | $170 | Calculated |
| Reported rent | Not disclosed by the listing | |
| HOA (monthly) | $27 | Confirmed · MLS reported |
| Annual property tax | $7,414 | Confirmed · Public record |
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 | $26,400 | $2,200 per month · estimate, medium confidence |
| Vacancy | -$1,320 | assumption |
| Effective income | $25,080 | |
| Property taxes | -$7,414 | reported |
| Insurance | -$1,495 | assumed 0.5% of price |
| HOA | -$324 | reported |
| Management | -$2,006 | assumption |
| Repairs and maintenance | -$2,006 | assumption |
| Capital reserves | -$1,254 | assumption |
| Net operating income | $10,580 | |
| Estimated cap rate | 3.54% | NOI divided by asking price |
| Debt service | -$19,000 | assumption |
| Cash flow after debt | -$8,420 | per year |
| Cash-on-cash return | -10.1% | on $83,720 down payment, closing costs |
| Debt coverage (DSCR) | 0.56x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (medium 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
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: Buy and hold rental
Strengths
- Low price per sq ft at $170
- Single-story layout appeals to tenants
- Low $27/mo HOA
Risks
- Hot home label means competition
- Taxes of $7,414 are high relative to price
- 2000 systems may need replacement
Catalysts
- Northeast Round Rock and Pflugerville growth
- Samsung and Dell area employment
Due diligence still needed
- Inspect roof and HVAC
- Confirm HOA leasing rules
- Pull 3/2 rent comps in 78664
- Verify tax exemptions drop off after sale
Realtix screening score
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.
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Sources
- Listing source
- Redfin · MLS #9285194
- Listing brokerage
- Front Page Realty · Joe Arcotta
- Last verified
- 2026-10-08
HOA (monthly): MLS reported, as of 2026-10-08
Annual property tax: Public record, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.
- Listing 2 days on market as of the last check.