1) Austin 78704 Renovated Fourplex $1.45M
Asset Quality A | Neighborhood Quality A+ | Year Built 1971
$10,040 per month is already in place across four fully renovated 2 bed, 1.5 bath townhome-style units in the heart of Austin (78704!). The property was renovated in 2024, and lease comps support about $2,600 per door. This is a unique property. I don’t see any comparable quads with similar size or finish quality recently selling but the rent roll does absolutely justify the purchase price. This has great rent:price ratios for Austin and definitely for an A+ area within the city. I would start at $1.3M. Ideal for a 1031 buyer or Austin investor who wants a premium location without a renovation project, with leases and the full financials available from the seller. NOTE the asking is 1.45M and current rents are $10,040. My numbers below reflect a purchase price of $1.3M and rents bumped to fair market value of $10,400.
Link» 3802 Southway Dr Austin TX 78704
Sale Price | $ 1,300,000 | Cap Rate | 6.17% |
Cash Needed | $ 338,000 | Cash on Cash | 1.30% |
Monthly | Annual | ||
Income | $ 10,400 | $ 124,800 | |
Mortgage | 6.75% | $ 6,324 | $ 75,886 |
Tax | $ 2,167 | $ 26,000 | |
Insurance | $ 429 | $ 5,150 | |
Repairs | $ 312 | $ 2,650 | |
Mgmt | $ 728 | $ 8,736 | |
Vacancy | $ - | $ - | |
Utilities | $ - | $ - | |
Lawn | $ 75 | $ 900 | |
HOA | $ - | $ - | |
NOI | $ 6,689 | $ 80,270 | |
Cashflow | $ 365 | $ 4,384 |
2) Fort Worth Quad 8.79% Cap $575K
Asset Quality B | Neighborhood Quality C+ | Year Built 1982
Three of four units occupied and one unit intentionally left vacant for easier showings. Current leases average $1,300 per door, with room to move toward $1,400 per door as leases renew. This was originally posted for $650K and is now reduced to $575K which pushes it into cash flow positive territory. Ideal for a 1031 buyer or small multifamily investor. There is a neighboring quad available as well for a potential 8-unit portfolio near downtown Fort Worth.
Link» 3732 Bonnie Dr Fort Worth TX 76116
Sale Price | $ 575,000 | Cap Rate | 7.25% |
Cash Needed | $ 149,500 | Cash on Cash | 5.44% |
Monthly | Annual | ||
Income | $ 5,600 | $ 67,200 | |
Mortgage | 6.75% | $ 2,797 | $ 33,565 |
Tax | $ 958 | $ 11,500 | |
Insurance | $ 364 | $ 4,370 | |
Repairs | $ 168 | $ 2,650 | |
Mgmt | $ 392 | $ 4,704 | |
Vacancy | $ 168 | $ 2,016 | |
Utilities | $ - | $ - | |
Lawn | $ 75 | $ 900 | |
HOA | $ - | $ - | |
NOI | $ 3,475 | $ 41,694 | |
Cashflow | $ 677 | $ 8,129 |
3) Padre Island Beach STR Turnkey and Cash Flowing $400K
Asset Quality A | Neighborhood Quality B+ | Year Built 2014
$67,265 in last-12-month revenue is reported by the seller on a beachside short-term rental that conveys fully furnished and turnkey. The home sleeps up to 10, is walking distance to the beach, and has access to a heated saltwater community pool. The seller has a financing balloon coming due this fall, so I would start around $375K and see how motivated they are. Great STR tax strategy or coastal cash-flow play, with the Airbnb link below. Note there is a HOA which covers taxes and insurance at $300/ mo. The HOA is built for STRs and has favorable bylaws.
Link» 15224 Beach Way Dr Corpus Christi TX 78418
Sale Price | $ 380,000 | Cap Rate | 7.25% |
Cash Needed | $ 88,000 | Cash on Cash | 6.10% |
Monthly | Annual | ||
Income | $ 5,605 | $ 67,260 | |
Mortgage | 6.75% | $ 1,849 | $ 22,182 |
Tax | $ 150 | $ 1,800 | |
Repairs | $ 168 | $ 2,018 | |
Insurance | $ 150 | $ 1,800 | |
Mgmt | $ 841 | $ 10,089 | |
Utilities | $ 400 | $ 4,800 | |
Landscape | $ 50 | $ 600 | |
Supplies | $ 100 | $ 1,200 | |
Cleaning | $ 725 | $ 8,700 | |
HOT Fee | $ 392 | $ 4,708 | |
NOI | $ 2,296 | $ 27,553 | |
Cashflow | $ 448 | $ 5,371 |
4) East Fort Worth Turnkey Duplex $219K
Asset Quality B | Neighborhood Quality B | Year Built 1920
$965 per month is already in place on Unit B through October 2026, with Unit A vacant for a new tenant or owner-occupant. The one-bedroom should lease for $950, and the two-bedroom has comps between $1,050 to $1,150. At a suggested offer of $212K, this is one of the lower entry points for a turnkey duplex in Fort Worth. Perfect first investment or house hack. Check out the East Fort Worth location near multiple major employers for a constant tenant flow.
Link» 412 Chicago Ave Fort Worth TX 76103