1303 Newfield Ln

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1303 Newfield Ln

Austin, TX 78703
Asking Price
$1.60M
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily investment property available for purchase in Austin Texas
  • Current asking price for this asset is 1599000 dollars
  • Located within the desirable 78703 zip code of Austin
  • Strategic residential asset located in a growing metropolitan market
  • Positioned to capture demand from the regional professional workforce

What's Special

Investors seeking to expand their portfolio in the Austin market will find a functional multifamily asset at 1303 Newfield Ln. This residential property serves as a strategic acquisition for those looking to leverage the consistent demand for housing in the 78703 zip code. Austin continues to function as a significant hub for technology and professional services, drawing a diverse workforce that supports the local multifamily rental sector. The property benefits from its positioning within a well-established submarket, offering proximity to core city amenities and major transit corridors that define the urban layout of the Texas state capital. Whether considering a long-term hold strategy or repositioning for future value, this asset aligns with the current growth trends observed across the metro area. Its location provides residents with access to the lifestyle benefits typical of the region, making it a practical choice for managing a stable rental residential base.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.11%
Monthly Payment
$7,910.98
Annual Cash Flow
$-14,931.755

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