Cashflowing turnkey luxury duplex in one of the hottest markets in the country: Austin MSA. The newly announced TESLA factory that will be built about 30 miles north is likely to bring additional growth to this area. The property is 100% occupied with great management in place and offers an excellent 15% overall rate of return (IRR) upon purchase.
Both units have leases to good Tenants in place running through May and July 2021, respectively. One of the unique features of this investment property is that units can be sold separately as attached townhomes. This will allow you the option to exit the property at the top of the market since you can sell each unit to homebuyers looking for a starter home.
High-end features include granite kitchen countertops, tiled back splash, recessed lighting in kitchen as well as pendant lighting over breakfast bar, deep under-mount kitchen sink with pull out faucet, modern brushed nickel plumbing fixtures, upscale wood look plank tile flooring, upgraded carpet, tiled walk in master shower and game room. Covered patio and fenced back yard. Walking distance to Tobias Elementary School.
Property Photos
Cashflow Analysis
| Asking Price | $435,000.00 |
| Market Value | $435,000.00 |
| Purchase Price | $435,000.00 |
| Down Payment | $108,750.00 |
| Initial Repairs | $0.00 |
| Closing Costs | $8,700.00 |
| Investment Capital | $117,450.00 |
| Rent | $3,390.00 |
| Vacancy | $0.00 |
| Property Taxes | $933.00 |
| Insurance | $87.08 |
| HOA Fee | $133.33 |
| Maintenance and Repairs | $101.70 |
| Property Management | $169.50 |
| Leasing Fee | $98.88 |
| Landlord-Paid Utilities | $0.00 |
| Total Operating Expenses | $1,523.49 |
| Net Operating Income | $1,866.51 |
| Mortgage Payment @ 3.5% – 25% Down | $1,465.01 |
| Monthly Cashflow | $401.50 |
| Principal Paydown | $520.98 |
| Appreciation Return | $1,450.00 |
| Annual Depreciation Deduction | $12,658.50 |
| Total Monthly Return | $2,372.48 |
| 10-Year Annual Rate of Return | 14.52% |
| Cash-on-Cash Rate of Return | 4.10% |
Map and Location
Downloads (PDF)
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Next Steps:
I don’t expect this property to last so if you are interested please give me a call at 713-922-2702 and let’s talk.
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