Seventy Rainey in Austin

Name: Sales in Seventy Rainey started!
Start: 2020-07-28T11:27:10.625580+00:00
End: 2023-12-31T23:59:59+0000
Location: Seventy Rainey

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Project info

Object ID: 8276

Finished at	August 2019
Price, m²	From 8990$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 61.00 m²
Floors	34
Apartments	164
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness 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

548,390$

Net profit

7,813$

Payback period

54.2 years

Avg property value increase per year

Open ROI calculator

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About the project

Rising up from the heart of the Rainey Street District, with its design influenced by its beautiful and vibrant surroundings, 70 Rainey is the perfect reflection of the essence of Austin. Its street level is consistent with the distinct Rainey Street District, bringing the sought after elements and appealing character of the neighborhood into the building with meticulous attention to lighting, materials and design. Connect with nature and unwind as you walk past, looking up at the wood façade covered with vertical gardens. With breathtaking views of the water and downtown skyline and more amenity space per residence than any high rise building ever developed in Austin, 70 Rainey will set the new standard of living downtown. Welcome home.

Developer

Sackman began operations more than 45 years ago by focusing on the restoration of historic brownstones on Manhattan’s Upper West Side. Today…
Details about Sackman Enterprises