Properties / Austin
6300 Monsanto Dr
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 12
- Square feet
- 4,752
- Year built
- 1972
- Lot
- 9,148 sq ft
A 12-unit, two-story 1972 building in Montopolis with long-term tenants on month-to-month leases at an assumed $800 per month average. Very small units at a low per-door price.
Financials
From the listing
| Asking price | $895,000 | Confirmed · Listing agent |
| Price per sq ft | $188 | Calculated |
| Price per unit | $74,583 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Cap rate | 6.54% | Confirmed · Listing agent |
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 | $122,400 | $10,200 per month · estimate, low confidence |
| Vacancy | -$6,120 | assumption |
| Effective income | $116,280 | |
| Property taxes | -$17,900 | assumed 2% of price |
| Insurance | -$4,475 | assumed 0.5% of price |
| Management | -$9,302 | assumption |
| Repairs and maintenance | -$9,302 | assumption |
| Capital reserves | -$5,814 | assumption |
| Net operating income | $69,486 | |
| Estimated cap rate | 7.76% | NOI divided by asking price |
| Debt service | -$56,874 | assumption |
| Cash flow after debt | $12,612 | per year |
| Cash-on-cash return | 5.0% | on $250,600 down payment, closing costs |
| Debt coverage (DSCR) | 1.22x | 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 |
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: Value-add workforce housing
Strengths
- Low basis per unit for Austin
- Rents at roughly $800 average leave room to push
- Close to the airport and East Riverside employment
Risks
- Small units (4,752 sf total for 12 units) in a building over 50 years old
- Month-to-month leases mean income can drop fast
- Listing says '12 units assumed', so unit count needs confirming
Catalysts
- Renovate units on turnover and convert to annual leases
- Montopolis redevelopment and proximity to Tesla and airport jobs
Due diligence still needed
- Confirm legal unit count with the City of Austin and Travis CAD
- Get the OM and an actual rent roll, not assumed rents
- Inspect for deferred maintenance, foundation and plumbing
- Check flood plain status near the Colorado River
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
- Christie's International Real Estate · Brett Silverman
- Last verified
- 2026-10-08
Cap rate: Listing agent, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.