The Independent in Austin

Name: Sales in The Independent started!
Start: 2020-07-29T06:50:34.485760+00:00
End: 2023-12-31T23:59:59+0000
Location: The Independent

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Project info

Object ID: 8286

Finished at	August 2019
Price, m²	From 8560$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	58
Apartments	363
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

547,840$

Net profit

7,813$

Payback period

54.2 years

Avg property value increase per year

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About the project

Inspired by Austin’s bold and innovative spirit, the movement between

The Independent's tiers is an outward reflection of the vibrant lifestyle within the building and surrounding community. The building has been affectionately nicknamed the "tetris building" or the "jenga tower".

With over 20,000 square feet of amenities spanning across two levels of the building, The Independent offers the most significant and diverse set of health, recreational, professional, and entertainment accommodations in Austin. Enjoy a vibrant and energetic 9th floor amenities deck, and relax in a refined 34th floor owner’s retreat. The best amenities among the new buildings in Austin.

Developer

Back in 1994, our three founders focused on California neighborhoods such as Third Street Promenade, Old Town Pasadena and Brea. Today, we’r…
Details about CIM Group