Austin Off-Market 1% Rule Rent By Room $455k

713 Whitman Ave, Georgetown

ROI

20.21% IRR

Strategy

Rent By The Room

This property is being ran as a successful rent by room deal with proven income history. The main bedroom is leased for $1050 and the auxiliary bedrooms lease for 775 per month on average. 6 beds, 3 baths total. The current manager will continue for the new owner. A househacker could purchase and cashflow positive while living there or an investor can pick up a heavily cashflowing asset in a low maintenance property and a strong appreciation-focused neighborhood. This is a great deal with multiple exit strategies. HOA $28. Taxes $7251.

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Austin Off-Market 1% Rule Rent By Room $455k

Listed 03/25/2025

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713 Whitman Ave, Georgetown

Purchase Price:$455,000

Cash Outlay:$122,850

Cashflow:$733/mo

Cap Rate:7.77%

IRR:20.21%

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