Investment Highlights
The home’s layout as well as its crafted and unique design will cater to the demand of renters for many years to come.
Extensive renovations completed in 2021 & 2023
Proforma 7.5% Cap Rate and just under $13,000/month in Total Operating Income
Great long term equity appreciate play, but can also cashflow IMMEDIATELY
Located on Major Transportation Corridors - including Plaza Saltillo Station Light Rail
Minutes to Downtown, entertainment districts such as Rainey Street, East & West 6th Street, and colleges such as ACC- Eastview Campus, and Houston-Tillitson University.
Investor Options
Option A
Self Managed STR
This option allows for you to maximize income and provides a 7.5 Cap Rate (annual rate of return based off of $1.1M purchase price), which is UNHEARD OF in Austin for and SFR or Multi investment.
Option B
3rd Party Managed STR
This option still allows for maximum income, but obvious the return is lowered due to paying a 3rd party manager vs yourself. Still a 5Cap which is STRONG.
Option C
12 Month/Longer Term Lease
Because of the furniture and finish out being “part of the deal”, this will allow for them to likely lease to 3-5month Tenants who have maybe sold their home and are waiting for their new home to be finished/purchased, in need of “corporate housing”, or standard 12-month. I think a shorter-term lease should easily be able to garner $5,500/month based off of available comps. 12-month should be able to get $5,000/month. That’s a 5.5Cap to 6Cap depending on route.
Option D
Convert to a duplex
Would only need to wall in the hallway between the two units and an owner could live in one side, rent the other out, or rent both.
