Quick Update

Currently 5 duplexes out of 12 have been sold. Only 7 more left.
 

The “Group Power” Factor

1. Price reduction by $10,000 per duplex
2. Negotiated management fee of 5% instead the typical 8%-10%
3. Negotiated leasing fee of 50% instead the typical 65%-100% of the first month rent
4. $1800 towards title policy should you chose to work with preferred lender
5. One month of PITI (principal, interest, taxes and insurance) if property is not fully leased in the first 30 days following completion 
 

Property Specification

New construction duplex (two doors)
High End Finishes and Fixtures w/ Complete Appliance Package
Builder Warranty
 

Financial Information

Average Unit Size: 1298 square feet per side
2596 square feet in total
Sales Price: Plan 2596 = $259,900 per duplex
Projected Rent/Month: $1,400 per unit
$2800 total per month
Taxes: Williamson County: 2.959%
Travis County: 2.913%
H.O.A.: $63 per duplex monthly
Insurance: $75 per duplex monthly
Leasing Fee: 50% first full month’s rent
Management Fee: 5% gross collected income
Utilities: All utilities are paid for by the tenant
Projected cash-on-cash return*: 11.16%
* Based on 25% down-payment and 5% interest rate
 

Intimidate Area

Gulf course community
Easy access to large employment centers
7 minutes from Dell’s Round Rock Headquarters
Right off of TX-130
Less than 20 minutes from Downtown Austin
 

About Austin-Round Rock

#1 Best Big Cities for Jobs
#1 America’s Fastest Growing Cities
#1 Next Biggest Boom Towns in the U.S.
#2 Best Cities for Finding Employment
#3 America’s Biggest Brain Magnets
#7 Best Places for Business and Careers
#11 Next Decade’s Fastest Growing World Cities
 

Next Step

Interested in more details or to be a part of this group purchase?
Contact Dani Beit-Or: dani@simplydoit.net or 650-440-5544
[pdf-ppt-viewer href=”http://simplydoit.net/wp-content/uploads/2011/09/AustinDuplexesGroupPurchase.pdf” width=”550″ height=”500″]