Posts Tagged ‘Austin’

For Sale: 8605 Fathom Circle

Enormous duplex within walking distance to Balcones Country Club Golf Course! 3,000+ SF total and full 3 bed/2.5 bath/1 garage per side. High quality Class A neighborhood. Many individually owned condos on the street. Not your typical rental property street.

Recent wood laminate floors and ceramic tile throughout. Renovated kitchen and paint. Lots of trees and fenced yards. Easy access to Hwy 183/McNeil Dr. 

Seller will consider financing! 


Read Full Post »

Strong rental demand makes from strong duplex sale prices too. What a duplex can charge for rents is a ratio to the possible sales price.


Forbes Magazine has ranked the fastest growing cities in the U.S. for 2013.  Austin is ranked #1 at the top with extremely low unemployment and an economy that expanded 6.3% last year.  Job opportunity is driving much relocation and housing demand.  Homes and investment properties are receiving multiple offers.  For more details, visit:  http://www.forbes.com/sites/morganbrennan/2013/01/23/americas-fastest-growing-cities/

View original post

Read Full Post »

Duplex prices

It appears that Austin duplex values are tapering off, which means it is a great opportunity for buyers.  A good quality Austin duplex, depending on the desired area, may be in the $170k to $220k price range.  Considering the median home price of Austin is about $220k, this represents a great value and opportunity:  start home ownership AND an investment at the same time.  Someone told me, “I don’t want to live in a duplex forever…”  Well you don’t have too – consider living there for a short time (maybe 1 year) then upgrade yourself with a bigger duplex or single family house.  A duplex is already has the benefits of a house:  front yard, back yard, and garage.  Be a serial duplex buyer and get the great owner-occupant interest rates versus the higher investor interest rate.

An owner-occupant could buy a duplex and rent out one side for possibly $900 to $1,100 range on rent.  So if your total mortgage payment was $1800, for example, the net difference could be:  $1,800 minus $1,000 = $800 net monthly payment.

Thanks for reading.

Hong and Dianne Lee

DuplexDianne.com Team


Read Full Post »