MultifamilyOwned
Riverside Commons
455 Riverside Dr, Austin, TX
- Size
- 248 units
- Year built
- 2019
- Acquired
- 07/01/22
- Basis
- $64.0M
- Fund
- Fund II
- Region
- Southwest
- Manager
- Greystar
- Accounting system
- RealPage
T12 NOI
$3.3M
+3.4% vs prior T12
Occupancy
93.1%
As of Aug 2026 rent roll
NOI / unit
$13,474
Trailing 12 months
Yield on cost
5.22%
T12 NOI / purchase price
DSCR
1.43x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- Freddie Mac
- Balance
- $44,800,000
- Rate
- 5.21%
- Structure
- Interest only
- Maturity
- 08/01/32
- Annual debt service
- $2,334,080
- LTV on basis
- 70.0%
T12 income statement
PropLake standard chart of accounts · mapped from RealPage| Revenue | ||
| 4010Rental Income | $5,983,133 | 12 bronze rows |
| 4020Other Income | $238,409 | 12 bronze rows |
| 4030Vacancy Loss | ($301,044) | 12 bronze rows |
| Total revenue | $5,920,498 | |
| Operating expenses | ||
| 5010Payroll | $516,247 | 12 bronze rows |
| 5020Repairs & Maintenance | $359,837 | 12 bronze rows |
| 5030Utilities | $307,897 | 12 bronze rows |
| 5040Property Taxes | $567,147 | 12 bronze rows |
| 5050Insurance | $206,234 | 12 bronze rows |
| 5060Management Fees | $258,928 | 12 bronze rows |
| 5070Marketing | $103,027 | 12 bronze rows |
| 5080General & Administrative | $259,525 | 12 bronze rows |
| Total operating expenses | $2,578,842 | |
| Net operating income | $3,341,656 | |
| Below NOI | ||
| 6010Interest Expense | $2,334,084 | 12 bronze rows |
| 6020Capital Expenditures | $165,055 | 12 bronze rows |
| Net cash flow | $842,517 | |