The Grange in Austin

Name: The Grange
Brand: Mid-City Development
SKU: 8271
Availability: InStock

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Project info

Object ID: 8271

Finished at	December 2019
Price, m²	From 4330$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	3
Apartments	48
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Pool 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

303,100$

Net profit

7,813$

Payback period

30.0 years

Avg property value increase per year

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About the project

Neighboring the Sunset Valley Farmers' Market in the Westgate area of South Austin, The Grange offers easy access to Austin's best local produce, restaurants, and retail. Lounging on your oversized terrace beside a resort-style pool and surrounding green-space, you may forget how centrally located you really are.

Developer

Mid-City Development, LLC is a privately-held, Austin-based real estate development firm. Mid-City is seen as an innovative, leading-edge co…
Details about Mid-City Development