North Austin Fourplex with 2 Bed Units and Light Value-Add Potential 10 Minutes from the Domain

1905 Hearthstone Dr, Austin
ROI
22.62% IRR
Strategy
Mid Term Rental
North Austin fourplex with 2 bed units and light value-add potential 10 minutes from the Domain. Just off 183 in gentrifying neighborhood. Two story fourplex with all 2 bed, 1.5 bath units. Currently occupied with one unit expiring 3/31, two units expiring 6/30, and one 12/31. Some updates completed with interior cosmetics needed to command premium mid-term rents and force appreciation.

Enter your email to download the proforma

Join our Daily Deal List - Single property

< Back to Daily Deals

North Austin Fourplex with 2 Bed Units and Light Value-Add Potential 10 Minutes from the Domain

Listed 09/15/2023

1905 Hearthstone Dr, Austin

Purchase Price:$790,000

Cash Outlay:$263,300

Cashflow:$1,943/mo

Cap Rate:8.29%

IRR:22.62%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Short Term Rental

Turnkey Pool Home Active on Airbnb with Excellent Yield Comes Fully Furnished

8222 Colgate St, Houston

Purchase Price:$499,000

Cash Outlay:$134,730

Cashflow:$1,868/mo

Cap Rate:10.88%

IRR:27.70%

Mid Term Rental

New Construction Fourplex by Medical District and UofH

6423 New York St, Houston

Purchase Price:$900,000

Cash Outlay:$273,000

Cashflow:$ 1,345/mo

Cap Rate:7.97%

IRR:21.49%

Long Term Rental

Mixed Use 24 Unit Grossing $18k/mo with Upside to Increase

4931 Texoma Pkwy, Denison

Purchase Price:$1,500,000

Cash Outlay:$480,000

Cashflow:$2,741/mo

Cap Rate:8.48%

IRR:22.17%

Long Term Rental

Occupied 6-Unit Complex with Assumable Loan at 4.5% Interest

905 E Fayle St, Baytown

Purchase Price:$420,000

Cash Outlay:$144,400

Cashflow:$730/mo

Cap Rate:6.08%

IRR:15.61%

Mid Term Rental

Fully Remodeled Duplex Close to Baylor Scott & White Hospital and Major Logistics/Distribution Centers

3212 Trenton Dr, Temple

Purchase Price:$335,000

Cash Outlay:$110,450

Cashflow:$502/mo

Cap Rate:7.78%

IRR:19.97%

Short Term Rental

3 Bed STR with a Pool on 1.35 Acres just Outside Austin

83 S Old Spanish Trl, Kyle

Purchase Price:$425,000

Cash Outlay:$129,750

Cashflow:$1,182/mo

Cap Rate:9.42%

IRR:21.76%

Made with ❤️ by WebCherry