TITLE:
Short Term Rental Complex in Austin TX
CONTROL:
Partner
VALUE:
$2,795,000
LOAN:
$875,000
EQUITY:
$1,920,000
TYPE:
Development
HAVE:
Short Term Rental Development in NW Austin, TX. The land and main remodeled Club House are under contract with a 70% Carry Back Loan. We will be adding 20 cabins for short term rentals
WEBSITE URL:
ADDRESS:
1018 Fitzhugh Rd, Austin, Texas
BENEFITS TO NEW OWNER:
Development Profit
Cash Flow
Strong Rental and Sales Profit
GROSS SCHEDULED INCOME:
$912,500 Projected
VACANCY LOSS:
$365,000
GROSS EFFECTIVE INCOME:
$547,500
EXPENSES:
$273,750
NOI:
$273,750
DEBT SERVICE:
$69,852
CASH FLOW:
$203,898
CAP RATE:
9.79%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$812,500
$5,821
6%
12/31/2032
No
BENEFITS SOUGHT:
Cash to do this development and share in those profits
CAN ADD:
Opportunity to invest in several other properties we are acquiring
COUNSELOR:
Chuck Sutherland
Sutherland Investments
PO Box 110956
Carrollton, Texas, 75011-0956
