Parmer Crossing in Austin

Name: Sales in Parmer Crossing started!
Start: 2020-07-28T07:39:56.032482+00:00
End: 2023-12-31T23:59:59+0000
Location: Parmer Crossing

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Project info

Object ID: 8262

Finished at	June 2018
Price, m²	From 1940$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 220.00 m²
Floors	2
Apartments	144
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

426,800$

Net profit

9,376$

Payback period

36.3 years

Avg property value increase per year

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About the project

Just two miles from Austin’s MetroRail and minutes to Hwy 620, 183, Loop 1 and I-35, Parmer Crossing provides quick access to major highways and public transportation. Enjoy life in Austin with proximity to Parkline Shopping Center, The Domain, Alamo Drafthouse, and more. The unique floor plans at Parmer Crossing offer homeowners open living spaces, outdoor living and balcony options, and second floor loft space.