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.
