Before adjusting floor area, is this fee simple or does it have a lease term, service charges or shared management? You mentioned management costs, and those could explain why apparently similar homes are priced differently. I’d also want to know whether the completed comparable included parking...
Property tax and insurance are the first two numbers I’d pin down using this exact unit, not a broad Austin estimate. At only $35,028 in annual gross rent, they do not need to be extraordinary to consume a large share of the income. I’d also separate the building’s regular charges from possible...