Building Details

Year Built 2007

Listing Agency: Hanszen Real Estate

Listed By: Chad Nelson · License #0656741 Show Phone

Source: Evrealestate

Added: Sep 30 Changed: Oct 13 Last Checked: Oct 16 at 6:55AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanszen Real Estate

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Investment Insights

Based on property information with market context.

This 2007 duplex offers 1,571 square feet of residential space. Interior features include ceiling fans and central air. The kitchen is equipped with a dishwasher, microwave, electric range, and refrigerator, along with an electric water heater.

Key Highlights

• 1,571 square feet of residential space
• Built in 2007
• Central air and ceiling fans

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,251

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,020 $285.0K

Cap Rate 7%

$203,586 $203.6K

Cap Rate 9%

$158,344 $158.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,571 SF

Gross rent

$27.7K $17.64/SF

− Vacancy

−$1.8K −$1.15/SF

EGI

$25.9K $16.49/SF

− OpEx

−$11.7K −$7.42/SF

NOI

$14.3K $9.07/SF

Area

Burnet County, TX

Vacancy

6.50%

Lease Rate

$17.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$285,020

Cap Rate 7%

$203,586

Cap Rate 9%

$158,344

Alternative Uses

Best Use

Apartment 5plus

$203.6K

$178.1K – $237.5K (±1% cap)

NOI $14,251 @ 7.0% cap · market cap 791.72%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,831 @ 7.0% cap · market cap 4,601.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Parking Lot & Garage Hair Salon Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 78654, TX

19,698

Population

9,764

Households

2

Avg Household Size

45

Median Age

33%

College-Educated

89%

High-School Grad

201.3 sq mi

ZIP Area

98

Density / Sq Mi

$72,669

Median Household Income

$37,391

Median Earnings

$1,404

Median Rent

$315,200

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - The two-unit residence includes ceiling fans, central air, and a kitchen equipped with major appliances.

Where is this residential income property located?

The property is located at 268 Brae Burn Circle Meadowlakes, TX.

What are key features of this property?

This property features: 1,571 square feet of residential space; Built in 2007; Central air and ceiling fans