Properties / Austin
5515 Humming Bird Ln
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 21
- Square feet
- 21,780
- Year built
- 2025
- Lot
- 21,780 sq ft
A 2025 concrete-podium, steel-framed apartment building in South Austin, 95% occupied and set up for mid-term rentals with professional management. Class A finish with 12-foot ceilings and covered parking.
Financials
From the listing
| Asking price | $6,200,000 | Confirmed · Listing agent |
| Price per sq ft | $285 | Calculated |
| Price per unit | $295,238 | Calculated |
| Reported rent | Not disclosed by the listing |
Realtix pro forma
An estimate of a typical year of ownership. Based on Realtix's market-rent estimate, because the listing does not disclose rents. Every line below is an estimate or assumption, not a reported figure.
| Gross rent | $415,800 | $34,650 per month · estimate, low confidence |
| Vacancy | -$20,790 | assumption |
| Effective income | $395,010 | |
| Property taxes | -$124,000 | assumed 2% of price |
| Insurance | -$31,000 | assumed 0.5% of price |
| Management | -$31,601 | assumption |
| Repairs and maintenance | -$31,601 | assumption |
| Capital reserves | -$19,751 | assumption |
| Net operating income | $157,058 | |
| Estimated cap rate | 2.53% | NOI divided by asking price |
| Debt service | -$393,990 | assumption |
| Cash flow after debt | -$236,932 | per year |
| Cash-on-cash return | -13.6% | on $1,736,000 down payment, closing costs |
| Debt coverage (DSCR) | 0.40x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (low confidence)
- 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 | |
| Unit E | Rent pending diligence | |
| Unit F | Rent pending diligence | |
| Unit G | Rent pending diligence | |
| Unit H | Rent pending diligence | |
| Unit I | Rent pending diligence | |
| Unit J | Rent pending diligence | |
| Unit K | Rent pending diligence | |
| Unit L | Rent pending diligence | |
| Unit M | Rent pending diligence | |
| Unit N | Rent pending diligence | |
| Unit O | Rent pending diligence | |
| Unit P | Rent pending diligence | |
| Unit Q | Rent pending diligence | |
| Unit R | Rent pending diligence | |
| Unit S | Rent pending diligence | |
| Unit T | Rent pending diligence | |
| Unit U | 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: New-construction mid-term rental
Strengths
- Brand new Class A construction with podium and steel framing
- 95% occupied
- 26 covered parking spaces
Risks
- Mid-term rental income is more volatile than standard annual leases
- No NOI or rent figures disclosed
- First-year reassessment of new construction can spike taxes
Catalysts
- Convert to or blend with long-term leases if mid-term demand softens
- South Austin growth along the Ben White and Manchaca corridors
Due diligence still needed
- Get T-12 broken out by mid-term vs long-term revenue
- Confirm certificate of occupancy and unit count
- Verify the MU GO NP zoning allows the current short and mid-term use
- Estimate stabilized property taxes on full new-construction value
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.
Interested in this property?
Tell Realtix what you need: a tour, the rent roll and documents, help making an offer or financing. You get a reply within 24 hours.
Media
No media yet.
Photos appear here only when Realtix holds confirmed rights to show them.
Map
Loading map…
Sources
- Listing source
- CityFeet (LoopNet network)
- Listing brokerage
- Listed by Olivo Castillo (brokerage not shown on listing) · Olivo Castillo
- Last verified
- 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.