Properties / Austin
6107 Palm Circle
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 3
- Beds
- 5
- Baths
- 3
- Square feet
- 2,170
- Year built
- 2022
- Lot
- 5,793 sq ft
A 2022-built triplex near the East Riverside corridor with two 2-bed units and one 1-bed unit. It has been cut repeatedly from a $1.235M original ask, most recently in late August 2026.
Financials
From the listing
| Asking price | $940,500 | Confirmed · MLS reported |
| Price per sq ft | $433 | Calculated |
| Price per unit | $313,500 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Annual property tax | $10,646 | Confirmed · MLS reported |
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 | $55,200 | $4,600 per month · estimate, medium confidence |
| Vacancy | -$2,760 | assumption |
| Effective income | $52,440 | |
| Property taxes | -$10,646 | reported |
| Insurance | -$4,703 | assumed 0.5% of price |
| Management | -$4,195 | assumption |
| Repairs and maintenance | -$4,195 | assumption |
| Capital reserves | -$2,622 | assumption |
| Net operating income | $26,079 | |
| Estimated cap rate | 2.77% | NOI divided by asking price |
| Debt service | -$59,766 | assumption |
| Cash flow after debt | -$33,687 | per year |
| Cash-on-cash return | -12.8% | on $263,340 down payment, closing costs |
| Debt coverage (DSCR) | 0.44x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (medium 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 |
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: Newer-build buy and hold / house hack
Strengths
- 2022 construction means minimal near-term capex
- Close to downtown and the airport along the East Riverside corridor
- Seller has shown motivation through multiple price reductions
Risks
- No rent roll stated, so income has to be verified from scratch
- Nearly a year on market suggests pricing still above what buyers will pay
- East Riverside has heavy new apartment supply competing for tenants
Catalysts
- Further price cuts or a negotiated discount given long days on market
- Continued East Riverside redevelopment and transit investment
Due diligence still needed
- Request current leases and 12-month rent history per unit
- Confirm whether units are separately metered and who pays utilities
- Pull Travis CAD for the 2026 assessed value and protest history
- Verify the triplex is permitted as three legal units with the City of Austin
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
- Prevu (HAR MLS data) · MLS #21371702
- Listing brokerage
- Trillionaire Realty · Chris Lawrence, Alma Spaulding
- Last verified
- 2026-10-08
Annual property tax: MLS reported, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.
- Listing 358 days on market as of the last check.