★★★★★
Investment Properties By Ron Natal

Real Estate That
Pays You Back

Redevelopment lots, value-add projects, and cash-flowing rentals across Central Texas — every one underwritten before it reaches this page.

★★★★★
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★★★★★
The Thesis

An investment property is not a home — it is a business that happens to have a roof. It gets bought on numbers, held on numbers, and sold on numbers.

Central Texas continues to draw the jobs, the people, and the rent growth that make buy-and-hold work. But the spread has tightened, and the deals that still pencil are not the ones sitting on the open market. Everything below has been underwritten with real rent comps, real expenses, and conservative assumptions — so you can evaluate the deal instead of the pitch.

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Available Properties

Deals That Pencil

Active
704 E Austin Ave
Round Rock, TX 78664
2 BD · 1 BA · MAJOR REPAIRS · VALUE IN THE LAND

A 0.238-acre downtown lot carrying the new MU-L mixed-use zoning adopted in October 2025. The existing two-bedroom structure needs major repairs and is priced accordingly — the opportunity here is the dirt and what the code now lets you put on it. No Historic Overlay, so demolition does not require a Certificate of Appropriateness.

Lot Size
0.238 AC
Land Basis
$33.82/SF
Zoning
MU-L
Buildings Allowed
Up to 3
Max Per Building
2,800 SF
Max Footprint
6,210 SF
Asking
$350,000
Active
710 E Austin Ave
Round Rock, TX 78664
2 BD · 1 BA · CORNER LOT · VALUE IN THE LAND

The corner parcel, and the cheaper dirt of the two at roughly $26 per square foot. At 0.436 acres it is nearly double the land of 704 up the block, with frontage on both E Austin Ave and the side street — two access points to plan a three-building MU-L project around. Also outside the Historic Overlay.

Lot Size
0.436 AC
Land Basis
$26.31/SF
Zoning
MU-L
Buildings Allowed
Up to 3
Max Per Building
2,800 SF
Max Footprint
11,401 SF
Asking
$500,000
Buy Them Together

Two Lots,
One Block

704 and 710 sit on the same block, separated by a single home between them. They are not contiguous — but taken together they are just over two-thirds of an acre of MU-L land in downtown Round Rock at a blended basis of roughly $29 per square foot.

Being separate parcels is not only a limitation. The MU-L three-building cap applies per lot, so two lots means up to three principal buildings on each — six across the pair, with no replatting question to work through. Two independent projects, one submarket, one set of entitlements to learn.

Combined Land
0.674 AC
Total Sq Ft
29,351 SF
Combined Price
$850,000
Blended Basis
$28.96/SF
How I Work

The Numbers Come First

01
Underwritten Before You See It

Every property here gets a full analysis first — rents and expenses on a hold, or land basis, build costs, and what the code allows on a redevelopment. If it does not pencil, it does not make the page.

02
Off-Market Access

A network of agents, wholesalers, and owners across Central Texas surfaces deals before they hit the MLS — where the margin still lives.

03
Entitlements Read Closely

Zoning is where land deals are won and lost. I read the actual code — allowed uses, height, coverage, setbacks, frontage exceptions — and tell you what you can really build, not what the district name implies.

04
Built for Repeat Buyers

Most of my investor clients buy more than once. That only happens if the first deal performs — so I would rather talk you out of a bad one than sell it to you.

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Build Your Buy Box

Tell Me What You Want
To Own

Target return, price range, strategy, and timeline. I will build the buy box with you and bring deals that fit it — including the ones that never hit the MLS.

Start The Conversation

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Real Estate Journey

A free, no-pressure home valuation from a local expert who knows your neighborhood. No automated estimate — a real analysis from Ron.

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