Downtown Austin + Furnishings + Active Bookings + Owner Financing $998k

3021 E 13th St, Austin

ROI

37.56% IRR

Strategy

Short Term Rental

Exceptional East Austin location. Owner financing available with a 15%-20% down payment and 4.99% - 5.99% interest rate. The current owners average $7600 per month and charge $1000 per night with an average occupancy of 25%. I think you can bring occupancy up to the Austin average of 60% by reducing the nightly rate to $675 for average monthly income closer to $12,500. Add additional amenities and upgraded photography and this property can mirror other high performing STRs in the area with 70% + occupancy and avg monthly income of $14,500. There was a recent $250k price drop. Taxes 11221.

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Downtown Austin + Furnishings + Active Bookings + Owner Financing $998k

Listed 07/05/2024

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3021 E 13th St, Austin

Purchase Price:$998,000

Cash Outlay:$269,460

Cashflow:$4,652/mo

Cap Rate:11.84%

IRR:37.56%

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