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The Johnson II

Single Family Residence in Austin, Texas
5 bedrooms • 3 bathrooms • 2,430 Sq. Feet

avatar
Property listed and underwritten by Joey
icon-hourglass
$10bn+ deployed

icon-real-estate-agent
$2,200,000 purchase price
The property was secured off-market, >2% below asking price.
icon-bank
70.00% loan-to-value
Property financed with 6.75% interest only loan.
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$300,000 projected yearly rental income
Nearby properties average between $300K - $525.9K in yearly rent.

The Johnson II is a stunning operating Airbnb built by famous Austin architect AD Stenger, this asset is a one-of-kind mid-century style property including 5 beds and 3 baths spanned over 2,400 sq ft of living space. With over a year of verified operating actuals and a 5-star average review, the asset is projected to earn $300k in go-forward bookings in Year 1, with a majority of the year already booked. The property sits in the Zilker Park neighborhood of Austin, right next to the site of Austin City Limits and walking distance to Barton Springs pool. Equipped with state-of-the-art finishes, appliances, and furnishings, the property also includes: a heated pool, outdoor kitchen, carport and three additional parking spots across a long driveway.

The property was secured in a private, off-market sale at over 2% below asking price. All furnishings convey with the purchase (estimated over $110k of value). Year 2025 is over 50% booked on go-forward bookings.


Nearby comparable properties
Nearby sales
Beds
Baths
Sq. Ft.
Date sold
Price sold
icon-real-estate-agent
1001 Land Creek Cv
5
1.5
3.3K
Nov-24
$2.5M
icon-real-estate-agent
1137 Gillespie
5
4
3.3K
Nov-24
$2.1M
icon-real-estate-agent
1414 Eva St
5
4.5
0
Dec-24
$2.5M
icon-real-estate-agent
Weighted avg.
-
-
2.2K
--
$2.3M
icon-real-estate-agent
The Johnson II
5
3
2.4K
Jul-25
$2.2M
Nearby rentals
Beds
Baths
Sq. Ft.
Monthly rent
Yearly rent
icon-calendar
Airbnb 3393
4
4.5
2.7K
$25K
$300K
icon-calendar
Airbnb 7086
5
4
2.5K
$43.8K
$525.9K
icon-calendar
Airbnb 4701
5
4
2.6K
$26K
$311.5K
icon-calendar
Weighted avg.
-
-
2.6K
$31.4K
$376.2K
icon-calendar
The Johnson II
5
3
2.4K
$25K
$300K

What are the potential returns
info
Projected value
--
caret-up--
Rental income
info
$84K / 4% growth
Expenses
info
$NaN / 2% growth
Appreciation
info
3% growth

The property's status
Purchased Property
July 2025
Anticipated First Dividends
August 2025

The property is being prepared for seamless short-term rental operations across a wide array of listing services including Airbnb and VRBO


What goes into the offering
Offering Details
Purchase Price
$2,200,000

(-) Debt
($1,540,000)
Equity
$660,000
(+) Reserves & Closing Costs
$288,200

(+) mogul Platform Fee (One-Time)
$110,000
Total Offering Amount
$1,058,200

When the asset is expected to be sold
Hold Period
5 - 7 Years
Target Secondary Liquidity Option
Q2 2026

Hold Period:

We anticipate holding the asset and selling it after 5-7 years. After 5 years, we will analyze the trends in national and local markets to project an estimated value / movement in prices over the coming years.

We will present our findings and recommendations to the investors to decide on the best time to sell. If the trends are pointing to selling before 5 years or after 7 years, we will notify investors on an ad hoc basis with our findings.

We are targeting a secondary liquidity option, so not all investors have to agree on the best course of action to sell their ownership stake.

Target Secondary Liquidity Option:

We are targeting a secondary liquidity option around Q2 of 2026. This means we are targeting providing the ability for investors to sell their shares at their asset value at any time.

While this is our target timeline, several factors may lead to us launching the secondary liquidity earlier or later than the intended timeline. As such, investors should budget for the hold period of 5-7 years when making their investment.


Where you'll be investing
Austin, Texas
18.3%
Past 5-year Market Rent Increase
35.2%
Past 5-year Market Value Increase

Austin, TX


  • Strong Job Growth and Population Increase: Austin has experienced significant job growth, particularly in tech and healthcare sectors, contributing to a population increase. The city added more than 100,000 people in the last five years. This economic expansion supports long-term demand for housing. (Austin Chamber of Commerce).
  • Thriving Tech and Employment Sector: The city’s job market, particularly in tech, continues to expand. Major tech companies like Apple, Tesla, and Google have made Austin their home, leading to a growing demand for housing as professionals relocate to the area. Austin’s unemployment rate remains below the national average at 3.0%.
  • Robust Rental Market: Austin remains a strong rental market, with rent growth outperforming many other U.S. cities. While rent prices saw a slight dip in 2024, Austin is still considered one of the top places for rental property investment, due to its high demand and continued migration from other states.

avatar
Property listed and underwritten by Joey
icon-hourglass
$10bn+ deployed
icon-mogul-black-sm
mogul co-founder
Prior to co-founding mogul, Joey deployed $10bn+ into high quality residential real estate for some of the most prominent institutions on Wall Street.
Other Key Personnel
managed-by
Managed by Surge
managed-by
Financed by Host Financial

Frequently asked questions