investment

Lonesome Street (Market: Austin)

Address:
Lonesome Street

4 Bed / 2.0 Bath
Year Built: 2015
House Size: 1,865 Sq Ft

SUMMARY

Purchased for $157,000 in 2019
Comparable properties were selling for $165,000
Located in high-demand upper middle class neighborhood in the Austin area
Renting for $1,375 per month
Estimated market value post rehab*: $180,000

*Source: Recent sales comps; February 11, 2019
MARKET INFORMATION
Market Information: Austin, Texas

Ponderosa Lane (Market: Austin, TX)

Address:
Ponderosa Lane

3 Bed / 2.0 Bath
Year Built: 1983
House Size: 1,337 Sq Ft
Lot Size: 7,544 Sq Ft
SUMMARY

Purchased from HUD for $103,400 in 2016
Comparable properties were selling for $139,000+
Located in high-demand / rental rate upper middle class neighborhood in the Austin, Texas area
Renting for $1,095 per month
Current market value*: $130,000

*Source: Zillow; July 17, 2016
MARKET INFORMATION
Market Information: […]