$36,378
Annual Revenue
Projected nightly rate is $166/night at 60% occupancy.
Top 101% of comparables
Top 101% of comparables
-$11,635
Profit
Revenue
$36,378
Operating Expenses
$16,129
Operating Income
$20,249
Net Effective Rent
$31,884
Profit (Cash Flow)
-$11,635
$9,257
Cash Investment
Renos & Furnishing
$6,500
Setup Costs
$2,757
Total
$9,257
Investment Value Over Time
Revenue Appreciation
0%
Cash on Cash Return
-125.68%
Payback Period Days
0
Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
114,310 sqft
Year built:
2017
Size:
239,000 sqft
Type:
MFR
Parking:
-
Heating:
NONE
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 1201 Southport Dr | 8 | 6 | 3,444 | - | 8,294 | 1981 | $0 | 55 |
| 3504 Larchmont Cv | - | 4 | 2,423 | - | 7,205 | 1985 | $0 | 279 |
| 3410 S Oak Dr | - | 3 | 2,586 | - | 11,125 | 1970 | $0 | 112 |
| 4012 Valley View Rd # 1a1b | 6 | 5 | 2,101 | - | 8,786 | 2022 | $0 | - |
| 2000 Glen Allen St | - | - | 3,773 | - | 15,072 | 1978 | $0 | - |
| 2010 Gathright Cv | 6 | 6 | 4,168 | - | 8,494 | 2022 | $0 | - |
| 2806 Skyway Cir | 6 | 6 | 3,612 | - | 7,924 | 1968 | $0 | 33 |
| 2300 Barton Village Cir | - | 6 | 3,526 | - | 10,041 | 1968 | $0 | 47 |
| 2109 Wordsworth Dr | - | 2 | 2,033 | - | 9,065 | 1967 | $0 | - |
| 1508 Rockdale Cir | - | 3 | 1,811 | - | 10,280 | 1973 | $0 | 293 |
Property Details
- MLS Status: N/A
- Property Use: Apartment House (100+ Units)
- Stories: 1
- Lot size: 114,310 sqft
- Building area: 239,000 sqft
- Garage: No
- Heating: None
- Pool: No
- Fireplaces: 0
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: COMMERCIAL
- Parcel Number: 0404110155
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2022
- Assessed Value: $88,000,000
- County Est. Land Value: $11,659,722
- Assessed Land Value: $11,659,722
- County Est. Structure Value: $76,340,278
Market Estimate: $20,971,432
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 12/04/18 | $0 | 0% | Groves South Lamar Llc |
| 11/12/14 | $0 | 0% | Sl South Lamar Lp |
| 10/10/14 | $0 | 0% | Lamar 4jk Lp |
| 12/14/09 | $0 | 0% | Lamar 4jk Lp |
Ownership
- Name: Groves South Lamar Llc
- Owner Occupied: No
- Owner Mailing Address: 2 Seaport Ln, Boston, Ma 02210
- Years Owned: 171
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: -
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No
Schools
- Elementary School: Oak Hill Elementary School with 5/10 star rating
- Middle School: Covington Middle School with 4/10 star rating
- High School: Travis High School with 4/10 star rating