501 Rear Boot Way · Liberty Hill, TX 78642

$356,250

5 bd · 2.5 ba · 2,595 sqft · SingleFamily · 87 Days on market

Built 2026 Good condition 4,791 sqft lot $137/sqft · 40% below area Est $592k · 40% under $55/mo HOA · 2% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +8.2/30.0
• Schools +4.4/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• 1% rule +2.8/10.0
• DSCR +2.2/10.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 501 Rear Boot Way in the beautiful Cascade community, this two-story new construction home was designed with elevated style and everyday comfort in mind. Inside the home’s interior is bright and welcoming, you’ll see modern finishes such as wood-look vinyl flooring through the main living spaces, light brown cabinets with nickel hardware, and Miami White Silestone countertops. Just off of the garage, a utility room provides a convenient space for maximum organization, keeping your laundry routine swift and together. The heart of the home can be found in the kitchen, highlights include a center island, a corner pantry, and a black appliance package. Enjoy the den located downstairs which is perfect for study or a home office, or follow up the stairs to the recreation room that’s perfect for exercise or pursuing your hobbies. Retire to the primary suite where you’ll find a walk-in closet, dual vanity, and a semi-private water closet. Located about 35 miles from downtown Austin and close to 183, Liberty Hill is surrounded by the breathtaking rolling hills of the Texas Hill Country. This vibrant community features a charming historic downtown district with a strong sense of belonging that you’ll love—making it the perfect place to live, grow, and find your new home.

Key facts

• Utility room
• Corner pantry
• Den

Tags

• WOOD-LOOK VINYL FLOORING
• UTILITY ROOM
• CENTER ISLAND
• CORNER PANTRY
• BLACK APPLIANCE PACKAGE
• DEN

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $356k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-335 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $308k (13.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $276k (22.5% below list).
• Recommended offer: $276k (22.5% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 2.8% in Liberty Hill — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#495 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, amenities F, commute F.
• Liberty Hill ISD (rural): math 43% / reading 52% proficiency, ranked #160 of 826 in TX (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bill Burden El (math 36% / reading 45%, grade F, #1,490 of 4,322 statewide, top 35%, 808 students, 19% FRL); Liberty Hill Middle (math 44% / reading 50%, grade D+, #424 of 1,662 statewide, top 27%, 944 students, 26% FRL); Liberty Hill H S (math 39% / reading 69%, grade C-, #422 of 1,632 statewide, top 26%, 2,001 students, 23% FRL) — zoned schools at 23% FRL track the district average.
• Market conditions: Rents soft (-1.9%/yr); 1509 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 7,543 units permitted in Williamson County in 2024 (1,425 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Williamson County population projected at +69% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($335k) is reasonable based on typical stale-listing flexibility.

Recommended offer $276,227 (22.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.17%
• Cash-on-cash: -4.03%
• DSCR: 0.82
• GRM: 10.7

CMA / ARV

• ARV (median comp): $591,826
• List price: $356,250
• Delta: -39.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 Foundation Ln	0.61mi	4/3.0 (-1)	2,595 (0%)	2mo	$499,900	$193	63
220 Sheepdog Dr	0.55mi	4/3.0 (-1)	2,669 (+3%)	2mo	$579,900	$217	61
200 Gary Wayne Dr	0.63mi	4/3.0 (-1)	2,513 (-3%)	1mo	$546,900	$218	58
804 Lariat Loop	0.66mi	4/3.5 (-1)	2,527 (-3%)	0mo	$474,900	$188	56
533 Outrider Ct	0.65mi	4/3.5 (-1)	2,662 (+3%)	1mo	$530,900	$199	56
1116 Lariat Loop	0.72mi	4/3.5 (-1)	2,594 (-0%)	2mo	$499,900	$193	56
137 Clover Bnd	0.69mi	5/3.0	2,450 (-6%)	2mo	$399,252	$163	55
124 Top View Dr	0.59mi	4/3.0 (-1)	2,808 (+8%)	0mo	$469,990	$167	52
201 Gary Wayne Dr	0.65mi	4/3.5 (-1)	2,796 (+8%)	0mo	$549,900	$197	48
153 Clover Bnd	0.67mi	4/3.5 (-1)	2,281 (-12%)	0mo	$409,197	$179	39
109 North River Way	0.63mi	4/3.5 (-1)	2,944 (+13%)	1mo	$594,900	$202	38
141 Clover Bnd	0.68mi	4/3.5 (-1)	2,281 (-12%)	2mo	$407,820	$179	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -26.5%
• Equity multiple: 0.13×
• Total profit: $-87,069
• Equity at exit: $53,118

10-year hold

• IRR: -38.9%
• Equity multiple: -0.35×
• Total profit: $-134,251
• Equity at exit: $30,802

Cash invested: $99,750 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78642

• Home prices YoY: -32.4%
• Rents YoY: -1.9%
• Active inventory: 1509
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,762 medium
• Mortgage (P&I): −$1,868
• Tax est. 1.5%: −$445 /mo · $5,344/yr
• Insurance: −$148
• HOA: −$55
• Vacancy / Maint / Mgmt: −$580
• Net cashflow: $-335

Break-even live

Break-even rent $3,186

Max offer price $307,808

Occupancy floor —

Sensitivity live

Price	-10% $-89	-5% $-212	+0% $-335	+5% $-458	+10% $-581
Rent	-10% $-553	-5% $-444	+0% $-335	+5% $-226	+10% $-117
Rate	-1.0pp $-155	-0.5pp $-244	base $-335	+0.5pp $-427	+1.0pp $-521

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $89,062
• Closing costs: $10,688
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 McCrae Dr Liberty Hill, TX	4.0	3.5	2453	$2,900	$1.18	13d	1	0.93mi

HOA detail

• Monthly dues: $55 · $660/yr
• Likely covers: water

Listing history 6 events

1. 2026-06-02
   status $356,250 Pending 87 DOM
2. 2026-06-01
   days on market $356,250 Active 87 DOM
3. 2026-05-31
   days on market $356,250 Active 86 DOM
4. 2026-05-12
   price $356,250 1329-char remark

   Show marketing remark (1329 chars)

   Welcome to 501 Rear Boot Way in the beautiful Cascade community, this two-story new construction home was designed with elevated style and everyday comfort in mind. Inside the home’s interior is bright and welcoming, you’ll see modern finishes such as wood-look vinyl flooring through the main living spaces, light brown cabinets with nickel hardware, and Miami White Silestone countertops. Just off of the garage, a utility room provides a convenient space for maximum organization, keeping your laundry routine swift and together. The heart of the home can be found in the kitchen, highlights include a center island, a corner pantry, and a black appliance package. Enjoy the den located downstairs which is perfect for study or a home office, or follow up the stairs to the recreation room that’s perfect for exercise or pursuing your hobbies. Retire to the primary suite where you’ll find a walk-in closet, dual vanity, and a semi-private water closet. Located about 35 miles from downtown Austin and close to 183, Liberty Hill is surrounded by the breathtaking rolling hills of the Texas Hill Country. This vibrant community features a charming historic downtown district with a strong sense of belonging that you’ll love—making it the perfect place to live, grow, and find your new home.

5. 2026-04-21
   price $354,250 1329-char remark

   Show marketing remark (1329 chars)

   Welcome to 501 Rear Boot Way in the beautiful Cascade community, this two-story new construction home was designed with elevated style and everyday comfort in mind. Inside the home’s interior is bright and welcoming, you’ll see modern finishes such as wood-look vinyl flooring through the main living spaces, light brown cabinets with nickel hardware, and Miami White Silestone countertops. Just off of the garage, a utility room provides a convenient space for maximum organization, keeping your laundry routine swift and together. The heart of the home can be found in the kitchen, highlights include a center island, a corner pantry, and a black appliance package. Enjoy the den located downstairs which is perfect for study or a home office, or follow up the stairs to the recreation room that’s perfect for exercise or pursuing your hobbies. Retire to the primary suite where you’ll find a walk-in closet, dual vanity, and a semi-private water closet. Located about 35 miles from downtown Austin and close to 183, Liberty Hill is surrounded by the breathtaking rolling hills of the Texas Hill Country. This vibrant community features a charming historic downtown district with a strong sense of belonging that you’ll love—making it the perfect place to live, grow, and find your new home.

6. 2026-03-06
   listed $351,250 Active 1329-char remark

   Show marketing remark (1329 chars)

   Welcome to 501 Rear Boot Way in the beautiful Cascade community, this two-story new construction home was designed with elevated style and everyday comfort in mind. Inside the home’s interior is bright and welcoming, you’ll see modern finishes such as wood-look vinyl flooring through the main living spaces, light brown cabinets with nickel hardware, and Miami White Silestone countertops. Just off of the garage, a utility room provides a convenient space for maximum organization, keeping your laundry routine swift and together. The heart of the home can be found in the kitchen, highlights include a center island, a corner pantry, and a black appliance package. Enjoy the den located downstairs which is perfect for study or a home office, or follow up the stairs to the recreation room that’s perfect for exercise or pursuing your hobbies. Retire to the primary suite where you’ll find a walk-in closet, dual vanity, and a semi-private water closet. Located about 35 miles from downtown Austin and close to 183, Liberty Hill is surrounded by the breathtaking rolling hills of the Texas Hill Country. This vibrant community features a charming historic downtown district with a strong sense of belonging that you’ll love—making it the perfect place to live, grow, and find your new home.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,147
• − Mortgage interest: −$19,956
• − Property taxes: −$5,344
• − Insurance: −$1,781
• − Repairs & maintenance: −$2,652
• − Management: −$2,652
• − HOA: −$660
• − Depreciation: −$10,364
• Taxable loss: −$10,260
• Est. tax savings @ 24.0%: +$2,463
• After-tax cash flow: $-1,555/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This new construction home in the Cascade community is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from a fresh coat of paint and some landscaping to further enhance its curb appeal and value.

Value-add opportunities

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics.
• Both Landscaping the front yard — Improves curb appeal and adds value to the property.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
• Both Landscaping the front yard — Improves curb appeal and adds value to the property. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Liberty Hill ISD
• NCES district ID: 4827420
• Math proficiency: 43% ▼ -20.00%
• Reading proficiency: 52% ▼ -11.00%
• Median HH income: $81,084
• Composite: 43.65/100
• National rank: #2965
• State rank: #160 of 826 in TX

Livability — Liberty Hill

• Score: 68/100
• State rank: #495
• US rank: #9892

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D+ Housing A+ Health & safety B- User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Williamson County · 680,029 people
• City population: 26,434
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 26,434
• Household income: $132,958
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 220.0

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 699,027 people
• By 2030: 795,537 · +13.8%
• By 2040: 990,683 · +41.7%
• By 2050: 1,184,292 · +69.4%
• By 2075: 1,623,825 · +132.3%
• By 2100: 1,924,153 · +175.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 27% Two or more races 14% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 25% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 3%
• Foreign-born: 9% · Canada
• Languages at home: 81% English-only · Spanish 15% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · Williamson

• 2024 margin: Toss-up / Even · D 48.0% · R 50.4% · Other 1.6%
• 2008→2024 swing: +10.6pp toward D · 2008: -13.0pp · 2024: -2.5pp
• All cycles: 2024: R+2.5 2020: D+1.4 2016: R+9.9 2012: R+21.5 2008: R+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.62%
• Current HPI: 228.5772
• Rent YoY: ▼ -1.89%
• Metro: Austin-Round Rock-Georgetown, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+1.4% since first listed

3 events — show timeline

• 2026-05-12 Price Changed $356,250 Unlock MLS
• 2026-04-21 Price Changed $354,250 Unlock MLS
• 2026-03-06 Listed $351,250 Unlock MLS