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East Austin Quadplex Close to Airport and Tesla Gigafactory

8418 Riverstone Dr, Austin
ROI
25.15% IRR
Strategy
Mid Term Rental
East Austin quadplex close to airport and Tesla Gigafactory. Currently leased for $995, $1025, $1100, and $1145. Furnished mid-term rates are $2300-2600/mo. Two story quadplex built in 1984 with 2 bed, 1 bath units. Currently leased for $995 expiring 3/31/24, $1025 expiring 1/31/25, $1145 expiring 11/30/24, and $1100 expiring 6/30/24. Off-street parking, no HOA. Market rate for 2-bed furnished mid-term rental is $2300-2600+/mo.

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East Austin Quadplex Close to Airport and Tesla Gigafactory

Listed 03/01/2024

8418 Riverstone Dr, Austin

Purchase Price:$695,000

Cash Outlay:$227,650

Cashflow:$1,924/mo

Cap Rate:8.64%

IRR:25.15%

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