🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

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

1905 Hearthstone Dr, Austin
ROI
20.84% 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

< Back to Daily Deals

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

Listed 03/24/2023

1905 Hearthstone Dr, Austin

Purchase Price:$850,000

Cash Outlay:$269,500

Cashflow:$1,484/mo

Cap Rate:7.57%

IRR:20.84%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Mid Term Rental

Dallas 6-Plex $1.1M

2401 Doreen St, Grand Prairie

Purchase Price:$1,100,000

Cash Outlay:$297,000

Cashflow:$3,072/mo

Cap Rate:9.34%

IRR:27.23%

Long Term Rental

San Antonio Off-Market Seller Financed Duplex $210k

1838 Buffalo St, San Antonio

Purchase Price:$210,000

Cash Outlay:$56,700

Cashflow:$659/mo

Cap Rate:8.64%

IRR:23.77%

Long Term Rental

Houston Cashflowing New Build w/ 5.99% Rate $326k

10503 Moon Valley Ln, Rosharon

Purchase Price:$326,500

Cash Outlay:$88,155

Cashflow:$181/mo

Cap Rate:6.05%

IRR:13.61%

Long Term Rental

Sherman Remodeled and Occupied Duplex $365k

403-405 N Burdette Ave, Sherman

Purchase Price:$365,000

Cash Outlay:$98,550

Cashflow:$24/mo

Cap Rate:5.91%

IRR:11.21%

Long Term Rental

Dallas Duplex Fully Occupied $450k

315 Queens Ct S, Mansfield

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$375/mo

Cap Rate:6.99%

IRR:15.83%

Long Term Rental

Houston Off-Market SFR Property $317

10623 Cascade Creek Dr, Rosharon

Purchase Price:$317,500

Cash Outlay:$85,725

Cashflow:$153/mo

Cap Rate:5.96%

IRR:13.17%