5613 Overbrook New Construction investment opportunity presented by Inner 10 Capital

1. 5613 OVERBROOK AUSTIN, TX 78723
PRESENTED BY INNER 10 CAPITAL
WWW.INNER10CAPITAL.COM

2. PROPERTY MAP
This property is a
residential area of 78723
on Manor Rd near the
Mueller development.
Property in question is
outlined in red.

3. PROPERTY MAP
The lot is large enough
to support a duplex
and there is an existing
single family home on
the lot.

4. PROPERTY SIZE AND PLAN
 This property is one 8772
sqft lot
 It is zoned SF-3
 The exit goal for this
property is to build a 3400
sqft duplex condo and
sell both sides.
 Build a total of 2 doors at
1700 sqft each.
 It is not in a flood plain

5. NEARBY COMPS
 1 active new construction listing
nearby
 Average solds $/sqft within 1.0
miles is $219/sqft
 Due to the lack of new construction
comps in this area, this is a linear
average that includes remodels and
older un-refurbished homes.
 Solds outnumber actives by 3 to
1

6. NEARBY COMPS
These listings match the ones on the map in the previous slide

7. SCHEDULE ESTIMATION
 December, 2014 – Complete due diligence and feasibility - COMPLETE
 January, 2015 – Get demo permit, complete designs, close land, submit
building permit
 March, 2015 – Permits in hand, start construction
 September, 2015 – Complete construction
 December, 2015 – Close sale of all units

8. RISKS
 Tree or watershed issues prevent building what we want
 This is not in the floodplain and there are no heritage trees on site
 Permitting prevents building what we want or extends schedule
 The original house was built before 1960 so it is likely to be flagged for historic review
 Housing prices drop
 There is a lot of margin, our cost basis is $564,000
 Debt not available