2124 E 6TH ST UNIT 204
958 SF
{{ percent(capRate, 1) }}
{{ percent(CoC, 1) }}
{{ percent(onePercentRule, 1) }} IRR
{{ percent(idealIRR, 1) }}
{{ currency(unitsTotalRentalRate, 0, '-') }} {{ currency(calcParams.strRentalRate, 0, '-') }} {{ currency(monthlyRental, 0, '-') }}
Total Monthly Rent Avg. Nightly Rate Rental Rate{{ currency(propertyValue, 0, '-') }}
Property Value{{ currency(calcParams.purchaseprice, 0, '-') }}
Purchase Price{{ currency(flipTotalCashInvested) }} {{ currency(calculatedResults?.existingInvestmentSummary?.investmentBasis.total) }} {{ currency(initialInvestment) }}
Cash Required Initial Investment Initial Investment
958 SF
Cash on Cash (CoC) Return is the amount of cash flow you receive in one year compared to the amount of cash invested.
Your Cash on Cash gauge reflects a goal of {{ percent(blueChipCriteria?.minCoC) }}. You can adjust your CoC goal in Settings - Blue Chip Criteria.
The formula for Cash on Cash Return is:
Using the value from the analysis on this page, the CoC Return is calculated as follows:
Continue to learn more!:
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Internal Rate of Return (IRR) measures how much, on average, you earn annually from a property—factoring in both the amount of money you invest and when you get money back (like rental income or sale proceeds).
Your IRR gauge reflects an IRR goal of {{ percent(blueChipCriteria?.minIRR) }}. You can adjust your IRR goal in Settings - Blue Chip Criteria.
While cap rate and cash on cash measure the value and performance of a property annually, IRR takes into consideration appreciation, amortization, and the time value of money.
Because earlier cash flow is "worth more" in IRR terms, a faster exit can increase IRR even if you end up with less total profit. That's why it's helpful to look at both IRR and total wealth accumulation when deciding how long to hold the property.
The formula for IRR is quite complex. It is not something you would ordinarily calculator without a financial calculator or spreadsheet.
To setup an IRR calculation, you need to know your initial investment, the cash flows received each year during the investment, and the sales proceeds at disposition. This information is placed in a t-bar chart, in the format below:
| Period | Cash Flow | + | Sales Proceeds |
|---|---|---|---|
| 0 | (Initial Investment) | ||
| 1 | CF 1 | ||
| CF x | |||
| 7 | CF 7 | + | Sales Proceeds |
A t-bar chart populated with the values from the property analysis on this page looks as follows:
| EoY | Cash Flows | Sale Proceeds |
|---|---|---|
| {{ getIrrYear(idx) }} | {{ currency(value, false) }} | {{ currency(getHoldNetEquity(idx), false, '') }} |
IRR = {{ percent(getHoldIrr, 1) }}
Adjust the hold period below to see how it affects the IRR
Continue to learn more!:
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- Tenant Occupied
- {{ propertyStore?.property?.mlsSource?.status }}
{{ currency(calculatedResults?.existingInvestmentSummary?.investmentBasis.total, 0, '-') }} {{ currency(initialInvestment, 0, '-') }}
Initial InvestmentInitial Investment is the total amount of money you put in upfront to purchase and prepare the property—like your down payment, closing costs, and any immediate repairs or improvements. This figure helps you see how much of your own cash is tied up before rental income (or other revenue) starts coming in.
The initial investment for the property on this page is summarized in the table below:
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Current EquityPlease review and edit this property's Financial History to continue.
Experience the ultimate urban lifestyle in the heart of East Austin at Twentyone24 Condos. Located at the corner of East 6th Street and Robert T Martinez, Unit 204 offers an unparalleled opportunity to immerse yourself in one of Austin's most vibrant neighborhoods. With some of the city's best local eateries, boutique shops, and entertainment venues right at your doorstep, this condo places you in the midst of all the action while still providing a serene retreat. Living at Twentyone24 Condos means enjoying the convenience of excellent walkability, whether you're exploring the eclectic Eastside or hopping on the nearby Saltillo Plaza metro rail station for a quick trip downtown or to North Austin for an FC game. The building features secure, gated parking with one assigned spot, and elevator access, ensuring ease and peace of mind. This chic and modern condo is perfect for those seeking a full-time residence or a private urban escape. With Google Fiber available, working from home is a breeze, and the HOA covers essential services like water, sewer, trash, and common area maintenance. Embrace the vibrant East Austin lifestyle and make Unit 204 at Twentyone24 Condos your new home, where the best of the city is always within reach
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