Eastgate Condos in Austin

Name: Sales in Eastgate Condos started!
Start: 2020-07-24T07:29:38.034486+00:00
End: 2023-12-31T23:59:59+0000
Location: Eastgate Condos

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Project info

Object ID: 8207

Finished at	October 2019
Price, m²	From 4730$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.00 m²
Floors	4
Apartments	68
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near supermarket
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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

175,010$

Net profit

5,883$

Payback period

21.7 years

Avg property value increase per year

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About the project

Eastgate is a contemporary condominium building in one of Austin's fastest-growing neighborhoods. Bike or walk to the University of Texas, Downtown, Mueller, and the best that East Austin has to offer. Within five minutes, reach over 150 bars, restaurants and coffee shops.

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