Mueller has been a great place for many folks, across many demographics. Their are certain rules & regulations, but the lifestyle suits those that seem to be okay with the rules and regs for the most part, and their are a ton of perks and people pleasers that come with the "Mueller" package, including the "green stamp" taht so many of the buildings - resifdential AND commercial have. Truly a unique community!
Indeed, some of the homes are high in price point, though by law they are required to keep a certain number of homes for a targeted affordable home program, which has been succesful from my understanding. In fact, when you go to tour the homes, aside from the "affordable ones beings somewhat smaller ,and a bit less flashy, you would be unable to tell them form the standard homes, as they are mixed in quite well. The high end homes, well, let's just say they LOOK like high end AND seem to perform that way as well.
I have sold in Mueller, a family , and a couple of young professionals, and they seem to really like it there. There are certainly rentals in the area, and some are former owners. While prices have increased some in the area, I would imagine cash flow or no would depend on downpayment, and what type of financing you are working with, as well as hold time.
There is a new development about to be underway at Mueller - 221 new homes being built, just east of the new Town Center. I wrote about it a couple of days ago on FB & on my blog. Here is the link https://www.facebook.com/pages/Austin-Real-Estate-Happenings and If you would like numbers or any further information, please feel free to contact me at your convenience. Stevie Bear @ 512-801-2327 or email@example.com
Cardani Group REALTORS
Mueller has attracted many folks to that area. I had family invest over there and they were quite amazed when they sold their property recently.
All the best,
Jeffrey Nyland, REALTOR, GRI, SRS, ABR
THE NYLAND TEAM
Prudential Texas Realty
Jeffrey Nyland, TX AUC# 16644
Mueller developement built out quickly. People seem to likke it a lot. It is located just N. E of downtown & U of TX campus. The price range is a little high for the college students IMO. Investing? Long term would be OK I suppose ~ as a rental I don't think it would cash flow. I"d need to know some specifics.