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804 E DEAN KEETON ST
AUSTIN, TX 78705-3202
Asking Price
$1.60M
Cap Rate
6.46%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
The Play: We Did the Fix. We Filled It. We're Delivering the Yield. <p>Brand-new, fully permitted gut remodel directly across the street from the UT School of Law. Pre-leased to a student group at $10,500/mo for Aug 2026. Nothing left to do, buy it and collect. (We can keep it leased)</p><p></p><p><strong>Deal at a Glance</strong></p><ul><li>$1.60M asking · $621/SF · 25% down = $400K equity</li><li>6.46% Year-1 cap rate · 6.00% stabilized</li><li>$15,909 Year-1 cash flow · 3.98% cash-on-cash on $400K down</li><li>$103,405 Year-1 NOI (pre-tax reset)</li><li>
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124
