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Underpriced Duplex 1 Mile From St Davids with $625-650k FMV

807 Ramble Ln, Austin
ROI
18.59% IRR
Strategy
Mid Term Rental
Underpriced duplex 1 mile from St Davids with $625-650k FMV. One 2 bed/1bath and one 3bed/1.5bath 1,895 sq ft duplex built in 1978 with one 2bd/1ba unit and one 3bd/1.5ba unit. 3 bed unit needs cosmetic updates. Both currently occupied with leases expiring in June and July 2023, well below market rent at $1215/mo and 1350/mo.

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Underpriced Duplex 1 Mile From St Davids with $625-650k FMV

Listed 06/21/2023

807 Ramble Ln, Austin

Purchase Price:$535,000

Cash Outlay:$164,450

Cashflow:$87/mo

Cap Rate:5.85%

IRR:18.59%

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