Summary: Two turnkey STRs. The first in Plano at $500K with a grandfathered transferable STR permit and $100K projected 2026 revenue, and Austin (78704!) with $90K projected annual STR revenue.
Off-Market Plano STR $100K/yr $500K
Turnkey STR | Plano | 1974
Projected around $100K in revenue this year and it is available off market before hitting the public MLS. There is HUGE VALUE in the grandfathered STR status: Plano is not issuing new STR permits, but this registration can transfer to the buyer as long as new owner initiates transfer within 30 days of closing. Everything conveys, so you are buying the house, furnishings, setup and an operating STR with documented revenue history. Perfect for an investor wanting a rare turnkey STR before year-end; Airbnb/Vrbo income reports and permit documentation available.
3301 Erwin Dr Plano TX 75074
Sale Price | $ 500,000 | Cap Rate | 8.31% |
Cash Needed | $ 130,000 | Cash on Cash | 9.49% |
Monthly | Annual | ||
Income | $ 8,333 | $ 100,000 | |
Mortgage | 6.75% | $ 2,432 | $ 29,187 |
Tax | $ 833 | $ 10,000 | |
Repairs | $ 167 | $ 2,000 | |
Insurance | $ 240 | $ 2,875 | |
Mgmt | $ 1,250 | $ 15,000 | |
Utilities | $ 950 | $ 11,400 | |
Landscape | $ 75 | $ 900 | |
Supplies | $ 100 | $ 1,200 | |
Cleaning | $ 925 | $ 11,100 | |
Misc Fees | $ 333 | $ 4,000 | |
NOI | $ 3,460 | $ 41,525 | |
Cashflow | $ 1,028 | $ 12,338 |
Austin 78704 STR Projected $90K/yr $835K
Turnkey STR | Premier 78704 | 1999
Projected around $90K/year in STR revenue in one of Austin’s premier locations (78704!!). At $835K, this is the type of property I like for someone who wants rental income carrying the asset while buying Austin tech exposure after a major price reset; similar properties were easily selling above $1M two years ago. You get the income today, Austin appreciation upside, and the depreciation benefits of owning a furnished rental. Ideal for an investor wanting long-term Austin exposure with current cash flow and accelerated depreciation / str tax loophole strategy.
302 Ben Howell Dr Austin TX 78704
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