Corner lot Luxury Duplex fully leased to great tenants through 2019 with professional property managements in place. Located in a master-planned community with $300K homes built by David Weekley, Pacesetter and Scott Felder, Pecan Park features great amenities including jogging & hiking trails, playground, clubhouse and pool, as well as access to 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 back yard.
Both units are leased to great Tenants at $1549 and $1595 with leases expiring at the end of April and August 2019, respectively. Investor-friendly Professional property management is in place at a favorable rate of 5%. One of the unique features of this investment property is that units can be sold separately as attached townhomes. This will allow you to exit the property at the top of the market since you can sell each unit to homebuyers looking for a starter home.
| 100-102 Hidden Springs, Bastrop TX | |
| 6 Bedrooms 4 Baths | Year Built: 2016 |
| School District: Bastrop ISD | Size: 2612 SF |
| Property Type: Duplex | Market: Austin |
| Price/SF: $ 141.27 | Rent/SF: $ 1.2 |
| Asking Price | $375,000.00 |
| Market Value | $375,000.00 |
| Purchase Price | $369,000.00 |
| Down Payment | $92,250.00 |
| Initial Repairs | $0.00 |
| Closing Costs | $3,690.00 |
| Investment Capital | $95,940.00 |
| Rent | $3,140.00 |
| Vacancy | $0.00 |
| Property Taxes | $821.83 |
| Insurance | $75.00 |
| HOA Fee | $114.50 |
| Maintenance and Repairs | $94.20 |
| Property Management | $157.00 |
| Leasing Fee | $56.78 |
| Landlord-Paid Utilities | $0.00 |
| Total Operating Expenses | $1,319.32 |
| Net Operating Income | $1,820.69 |
| Mortgage Payment @ 5.375% – 25% Down | $1,549.72 |
| Monthly Cashflow | $270.96 |
| Principal Paydown | $317.12 |
| Appreciation Return | $1,230.00 |
| Annual Depreciation Deduction | $10,912.50 |
| Total Monthly Return | $1,818.08 |
| 10-Year Annual Rate of Return | 15.68% |
| Cash-on-Cash Rate of Return | 3.39% |
Note: For illustration purposes only. Investors are encouraged to do their due diligence and verify all information
For a 10-year Cashflow Analysis: Cashflow Analysis 100-102 Hidden Springs
If you’re interested, please contact us or if you’re seeing this in your email, hit reply.
Hi, I am very interested in this property. Is this still available? I am an out-of-state investor.
Hi Jonathan. My apologies as your comment got inadvertently caught in the spam filter.
That property sold quickly. If you’re still looking, I have a property I listed in San Antonio:
https://investingarchitect.com/investment-property-san-antonio-texas-turnkey-duplex/