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Austin Metro Quadplex 1% Rule Rare Find $500K

20700 Bonanza St, Lago Vista
ROI
22.85% IRR
Strategy
Long Term Rental
$5,325 current monthly rent with one unit used as STR pushing total income to $5,400+. True 1% rule deal just 25 minutes from Austin in a supply constrained submarket. 1985 build with PVC plumbing, copper wiring, and separate meters keeps expenses low and operations simple. High occupancy rate history with updated interiors. Deals like this near Austin are extremely rare at this price point.

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Austin Metro Quadplex 1% Rule Rare Find $500K

Listed 03/23/2026

20700 Bonanza St, Lago Vista

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$1,033/mo

Cap Rate:8.32%

IRR:22.85%

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