Axiom East in Austin

Name: Sales in Axiom East started!
Start: 2020-07-24T07:07:33.199437+00:00
End: 2023-12-31T23:59:59+0000
Location: Axiom East

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Project info

Object ID: 8204

Finished at	August 2021
Price, m²	From 8030$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 36.00 m²
Floors	3
Apartments	60
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

289,080$

Net profit

5,883$

Payback period

35.8 years

Avg property value increase per year

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About the project

Axiom East is located off of East 7th Street, down the street from some of Austin's hottest restaurants, bars, and shops. You could enjoy a drink at The Liberty or have a bite at Counter Cafe. Grab dinner at Salt & Time or swing by for a quick bite at Flyrite. Experience Downtown Austin, just a short five minute trip away, or enjoy East Side's burgeoning nightlife scene at The White Horse,Violet Crown Social Club, or Whisler's.

Developer

Pearlstone Partners is a full-service real estate development firm with more than 100 years combined experience in the Austin, Texas real es…
Details about Pearlstone Partners