Investment in a strategically located mixed-use development in dynamic East Austin, targeting the growing demand for urban living and accessible retail.
Development of a 15-unit residential condominium building above 4,500 sqft of ground-floor commercial retail space, based on a 3-story building concept and potential Vertical Mixed Use (VMU) zoning.
Potential for favorable zoning modification (LR-MU-V).
Prime East Austin location with a 35,828 sqft lot.
Total Estimated Development Cost: $5,357,963
Total Potential Revenue / Project Value: $7,783,144.80.
Estimated Gross Profit: $2,425,181.80
Estimated Return on Cost (RoC): 45.26%
Seeking Equity Investment ($1,607,389 or 30%) and Debt Financing ($3,750,574 or 70%) to fund the Total Development Cost of $5,357,963.
Q1 2025 East/SE Austin Avg. NNN Rent of $26.63 per SqFt per Year.
7.00%
6.25%
$400,000 (User Provided)
Total Estimated Development Cost: $5,357,963
Debt Financing: $3,750,574 (70% user input)
Total Sources: $5,357,963 (100%)
Land Cost: $900,000 (16.80%)
Construction & Non-Land Costs: $4,030,650 (75.23%)
Financing Costs: $427,313 (7.98%)
Total Uses: $5,357,963 (100%)
Total Gross Residential Sales Revenue: $6,000,000 (Calculated based on 15 units @ $400,000/unit)
Estimated Stabilized Commercial Value: $1,783,144.80 (Calculated from NOI and Cap Rate)
Total Potential Revenue / Project Value: $7,783,144.80 (Residential + Commercial Value)
Estimated Gross Profit: $2,425,181.80 (Revenue - Cost)
Estimated Return on Cost (RoC): 45.26% (Gross Profit / Total Cost)
Debt: $3,750,574
Equity: $1,607,389
Return of Equity: $1,607,389
Preferred Return (8%): $128,591
Residual Profit for Split: $2,296,591
- Investor Share (60%): $1,377,954
- Developer Share (40%): $918,636
$3,113,934 (Includes Equity, Preferred Return, and Investor Profit Share)
$918,636 (Developer Profit Share)
$3,113,934 (Total Investor Amount) / $1,607,389 (Equity Investment) = 1.94x.
We are in search for $1.6M in Equity financing to purchase land and soft costs.
We have done preliminary meetings with the City of Austin and currently 1.94X is what our project can deliver.
Eleventh Element LLC