Properties / Austin
2423 W Slaughter Ln
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 4
- Square feet
- 3,752
- Year built
- 1983
- Lot
- 9,583 sq ft
A fully renovated, tenant-occupied 1983 fourplex in far south Austin marketed at an 8.04% cap rate. The seller is also offering a 12-unit package on the same block.
Financials
From the listing
| Asking price | $799,900 | Confirmed · Listing agent |
| Price per sq ft | $213 | Calculated |
| Price per unit | $199,975 | Calculated |
| Reported rent | $6,800 per month | Confirmed · Listing agent |
| Gross rent yield | 10.20% | Calculated, before expenses |
| Cap rate | 8.04% | Confirmed · Listing agent |
| Potential NOI (annual) | $64,350 | Confirmed · Listing agent |
Realtix pro forma
An estimate of a typical year of ownership. Based on reported rents. Every line below is an estimate or assumption, not a reported figure.
| Gross rent | $81,600 | $6,800 per month · reported |
| Vacancy | -$4,080 | assumption |
| Effective income | $77,520 | |
| Property taxes | -$15,998 | assumed 2% of price |
| Insurance | -$4,000 | assumed 0.5% of price |
| Management | -$6,202 | assumption |
| Repairs and maintenance | -$6,202 | assumption |
| Capital reserves | -$3,876 | assumption |
| Net operating income | $41,243 | |
| Estimated cap rate | 5.16% | NOI divided by asking price |
| Debt service | -$50,831 | assumption |
| Cash flow after debt | -$9,588 | per year |
| Cash-on-cash return | -4.3% | on $223,972 down payment, closing costs |
| Debt coverage (DSCR) | 0.81x | lenders usually want 1.20x or more |
- Rent: reported rent for every unit
- Vacancy 5%, management 8%, maintenance 8% and reserves 5% of collected rent
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Units
| Unit A | Rent pending diligence | |
| Unit B | Rent pending diligence | |
| Unit C | Rent pending diligence | |
| Unit D | Rent pending diligence |
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Stabilized cash flow / FHA house hack
Strengths
- Stated 8.04% cap rate is high for Austin
- Renovated with limited maintenance claimed going forward
- Under $800K, so eligible for owner-occupant FHA/VA financing on a 4-unit
Risks
- Stated expenses of $17,250 look light and may exclude management or reserves
- Fronts a busy arterial road
- Lot size and taxes not disclosed on the listing
Catalysts
- Option to buy adjacent fourplexes in the same seller package
- Southwest Austin demand from nearby retail and commuter corridors
Due diligence still needed
- Rebuild the expense line with taxes, insurance, management and reserves
- Get unit-by-unit rent roll and lease expirations
- Confirm scope and permits for the renovation work
- Check whether this parcel is part of the 2421 W Slaughter Ln 12-unit offering
Realtix screening score
How this score works
The score is calculated, not hand-picked. Cash flow (40%) scales the estimated cap rate from 2% to 8%. Price (25%) scales price per square foot from $320 down to $120. Building age (20%) scales the year built from 1955 to 2015. Data confidence (15%) is higher when rents are reported rather than estimated. It ignores location quality, condition inside the walls and tenant quality, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Sources
- Listing source
- CityFeet (LoopNet network)
- Listing brokerage
- Listed by Ruchi Mithal (brokerage not shown on listing) · Ruchi Mithal
- Last verified
- 2026-10-08
Cap rate: Listing agent, as of 2026-10-08
Potential NOI (annual): Listing agent, as of 2026-10-08
Total monthly rent: Listing agent, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.