Properties / Round Rock
17000 Cranston Dr
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
- 1,560
- Year built
- 1998
- Lot
- 7,143 sq ft
A 1998 three-bedroom Round Rock area home on a 7,000 sq ft lot, freshly listed near the Redfin value estimate. A plain-vanilla rental profile with a low HOA.
Financials
From the listing
| Asking price | $329,500 | Confirmed · MLS reported |
| Price per sq ft | $211 | Calculated |
| Reported rent | Not disclosed by the listing | |
| HOA (monthly) | $21 | Confirmed · MLS reported |
| Annual property tax | $6,674 | 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 | $25,800 | $2,150 per month · estimate, medium confidence |
| Vacancy | -$1,290 | assumption |
| Effective income | $24,510 | |
| Property taxes | -$6,674 | reported |
| Insurance | -$1,648 | assumed 0.5% of price |
| HOA | -$252 | reported |
| Management | -$1,961 | assumption |
| Repairs and maintenance | -$1,961 | assumption |
| Capital reserves | -$1,226 | assumption |
| Net operating income | $10,789 | |
| Estimated cap rate | 3.27% | NOI divided by asking price |
| Debt service | -$20,939 | assumption |
| Cash flow after debt | -$10,149 | per year |
| Cash-on-cash return | -11.0% | on $92,260 down payment, closing costs |
| Debt coverage (DSCR) | 0.52x | 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
- Listed close to Redfin estimate of $329,199
- Low $21/mo HOA
- Standard 3/2 layout that rents easily
Risks
- 1998 systems may be near end of life
- Just listed, so little negotiating leverage yet
- Neighborhood naming inconsistent on page
Catalysts
- Round Rock and Pflugerville job growth along SH 45 and I-35
- Rent growth if Austin supply wave eases
Due diligence still needed
- Inspect roof, HVAC and water heater ages
- Confirm HOA rental rules and HOA amount
- Pull rent comps (Redfin estimate $2,277/mo)
- Check school district and tax rate
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 #9486141
- Listing brokerage
- Compass RE Texas, LLC · Lauren LeBlanc
- 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.