If you’ve been looking for an opportunity to invest in Austin, Texas (one of the hottest growth markets in the country), I have a great opportunity to share with you today. This 2016 luxury duplex is currently 100% occupied with professional property management in place at a very attractive rate of 5% of gross rents. Current leases expire within the next 60 days which is a great opportunity to bring rents in line with market rates. Similar units in the community have been leasing for $1650 per side and the property manager is already working on securing replacement Tenants at that rate. Similar new construction duplexes in the I-35 corridor are selling for well over $400k. It would be a perfect option for a 1031 Exchange to defer capital gains taxes.
Newer Luxury Duplex located in Pecan Park just west of the Colorado River! High-end features include granite kitchen countertops, tiled backsplash, recessed lighting in kitchen as well as pendant lighting over breakfast bar, under-mount kitchen sink, modern brushed nickel plumbing fixtures, upscale wood look plank tile flooring, upgraded carpet, walk-in master shower, covered patio, 2 car garage, and fenced backyard. This Master Planned community offers amenities including jogging & hiking trails, playground, clubhouse, and pool, as well as access to the Colorado River!
125-127 Calm Water Loop, Bastrop Texas |
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| 6 Bedrooms 4 Baths | Year Built: 2016 |
| School District: Bastrop ISD | Size: 2704 SF |
| Property Type: Duplex | Market: Austin |
| Price/SF: $ 143.86 | Rent/SF: $ 1.22 |
| Asking Price | $389,000.00 |
| Market Value | $389,000.00 |
| Purchase Price | $389,000.00 |
| Down Payment | $97,250.00 |
| Initial Repairs | $0.00 |
| Closing Costs | $5,835.00 |
| Investment Capital | $103,085.00 |
| Rent | $3,300.00 |
| Vacancy | $0.00 |
| Property Taxes | $784.75 |
| Insurance | $75.00 |
| HOA Fee | $114.50 |
| Maintenance and Repairs | $132.00 |
| Property Management | $165.00 |
| Leasing Fee | $137.50 |
| Landlord-Paid Utilities | $0.00 |
| Total Operating Expenses | $1,408.75 |
| Net Operating Income | $1,891.25 |
| Mortgage Pmt: 5.25% – 25% Down | $1,611.05 |
| Monthly Cashflow | $280.20 |
| Principal Paydown | $342.03 |
| Appreciation Return | $1,047.06 |
| Annual Depreciation Deduction | $11,319.90 |
| Total Monthly Return | $1,669.29 |
| 10-Year Annual Rate of Return | 12.45% |
| Cash-on-Cash Rate of Return | 3.26% |
Note: For illustration purposes only. Investors are encouraged to do their due diligence and verify all information
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