800 Embassy Drive Unit 202 - Austin, TX 78702

Luxury Condo at the Tyndall at Robertson Hill Condominium in Downtown Austin, Texas

Offering Details

• Matthew Teifke transferred his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Matthew will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Matthew's ownership prior to the title transfer and proof of title transfer here. View the LLC documents here.
• Matthew will buy back all of his equity in 10 years for a total of 20% appreciation for investors. There is no fee when equity is bought back, and investors can still trade their tokens on the Lofty marketplace anytime.
• View additional terms here.

Property Details

• This condo is located at the Tyndall at Robertson Hill Condominiums, Austin’s newest modern collection of condominiums.
• This spacious 2 bedroom, 2 bathroom condo offers an abundance of amenities and a prime location for those seeking urban living at its finest.
• Spanning 984 square feet, this condo boasts a thoughtfully designed split floor plan, providing privacy and functionality.
• The unit features a double parking spot for convenience and an in-unit washer/dryer for added convenience.
• Floor-to-ceiling windows flood the space with natural light, creating an inviting atmosphere and offering stunning views of the surrounding cityscape.
• Enjoy the modern comforts of stainless steel appliances in the kitchen and ample storage space with generous walk-in closets.
• Step outside and discover a wealth of communal features designed to enhance your lifestyle. Take a dip in the large pool, which overlooks the iconic skyline of downtown Austin, or unwind in the beautifully landscaped courtyard.
• Host gatherings with ease using the outdoor kitchen space and clubhouse, complete with a rentable conference center.
• Stay active and fit with access to the on-site fitness center, and indulge in your favorite brew at the coffee bar.
• Enjoy the convenience of a 24/7 concierge service for all your needs.
• Located in the Tyndall at Robertson Hill Condominiums, this residence offers more than just a place to live—it provides a vibrant community atmosphere. Within walking distance, you'll find an array of bars, restaurants, and shops, as well as the eclectic East 12th street district, ensuring there's always something new to explore.
• The HOA fees were increased to $687.42/month in January, 2024. The HOA fee can be found under "Utilities" in the Financials tab above.
• View the Tyndall Condominium Information Statement
• View Operating Reserve balance chart
• View property transaction data
• View the Year-to-date P&L

Property Management and Insurance

• Managed by ATX Property Management
• Property Management Agreement
• ATX manages 36 of Matthew's units with a 97.2% occupancy rate, and charges a 5% management fee.
• Insurance Policy from Farmers Insurance

Property Leverage

• This property has a loan balance of $322,509.87. View the loan documents here
• As the seller, Matthew Teifke, pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

• 1 year lease starting on 10/01/2025
• $2,799/month
• Lease Agreement

Location Data

• "A" Rating for Zip Code on Niche

Due Diligence Documents

• HouseCanary Property Valuation Report
• Warranty Deed
• Appraisal
• Inspection Report
• Tyndall Condominium Information Statement
• Operating Agreement
• View All Documents

Property Updates

• Property Update (11/14/2025):
• For October, the net cash flow totaled -$34.05, compared to September's net cash flow of -$1,896.57.
• Year-to-Date Profit & Loss Statement
• The tenant called in to report the low water pressure in their master bathroom shower, guest bathroom shower, and kitchen sink.
• Note from Property Manager: "The tenant is dealing with very low water pressure in both showers. We initial send out in-house maintenance vendor to evaluate, but they were denied access to work on the showers by the Tyndall, who informed me that they have specific plumbers we could utilize that are insured with the building. Attached is the bid to replace both shower cartridges which must be clogged/calcified creating the issue. Thanks, Justin"
• The property manager provided an estimate, from Pecan Street Plumbing, amounting to $1,166.
• The PM recommends this estimate and will move forward with the repair.
• Property Update (10/15/2025):
• The property manager shared a copy of the move out inspection for the previous tenant.
• Note from PM:
• "The tenants took possession and paid rent on 10/01. I think they are planning on moving in later next week, but the lease started on 10/01 and they paid rent accordingly."
• Lease Agreement
• The lease ends on 03/31/2027 and is for $2,799/month with a security deposit of $2,799.
• Property Update (09/04/2025):
• Note from PM:
• "We are thrilled to inform you that the lease has been signed for new tenants who will be moving into 800 Embassy Dr #202, Austin, TX 78702.
• The lease term is: 10/01/2025 to 03/31/2027.
• The rental amount is: $2,799.00.
• Congratulations!"
• Property Update (08/04/2025):
• Note from PM:
• "We hope all is going well. We are reaching out because the tenant's lease at the below property is scheduled to expire soon and is up for renewal: 800 Embassy Dr #202, Austin, TX 78702
• The current lease will expire on 09/19/2025. The tenant is currently paying 2,799.00/month. We have reviewed the comparable market data, and we recommend offering a renewal rate of $2799/month to the tenant for another 12-month lease.
• Please reply back to me as soon as possible and let me know if you are okay with this renewal price. We will submit the renewal offer to the tenants and let you know their feedback."
• The property manager will move forward with the renewal at $2,799/month, per their recommendation.
• Property Update (06/14/2025):
• The tenant has paid May's rent, and you are currently receiving daily rent calculated from May's cash flow, continuing through July 13th.
• For May, the net cash flow totaled $1,037.72, compared to April's cash flow of $1,027.68.
• Year-to-Date Profit & Loss Statement
• Property Update (03/23/2025):
• Owners are currently receiving daily rent calculated from February's cash flow, continuing through April 13th.
• For February, the net cash flow totaled $1,054.41, compared to January's cash flow of $1,231.03.
• Year-to-Date Profit & Loss Statement
• Property Update (02/16/2025):
• The tenant has paid January's rent, and owners are now receiving daily rent calculated from January's cash flow, continuing through March 16th.
• For January, the net cash flow totaled $1,231.03, compared to December's cash flow of $1,080.75.
• The property insurance renewed on 11/25/2024. The renewal premium is $1,114, a $316 (39.6%) increase from the previous term.
• Year-to-Date Profit & Loss Statement
• Property Update (01/18/2025):
• The tenant has paid December's rent, and owners are now receiving daily rent calculated from December's cash flow, continuing through February 13th.
• For December, the net cash flow totaled $1,080.75, compared to November's cash flow of $336.28.
• Year-to-Date Profit & Loss Statement
• Property Update (12/22/2024):
• The new tenant has paid November's rent, and you are now receiving daily rent calculated from November's cash flow, continuing through January 13th.
• For November, the net cash flow totaled $336.28, compared to October's cash flow of $0.00.
• The leasing fee was deducted from October and November's rent, which is the reason for the lower cash flow in November.
• Moving forward, owners will receive the full cash flow now that the leasing fee has been paid.
• The property had a repair expense of $65.00 on 11/7/24.
• The contribution from investors, via the Operating Reserve, will be determined based on ownership percentage, compared to the co-owner Matt, on the date the repairs occurred.
• The tenant has paid December's rent and is current on their rent.
• Year-to-Date Profit & Loss Statement
• Property Update (11/19/2024):
• For October, the property did not receive cash flow due to the Leasing Commission of $1,959.30 split between September-November.
• The tenant has paid November's rent, and owners will begin receiving daily rent on 12/15.
• The projected cash flow for November is $336.28, assuming no unexpected expenses arise.
• Year-to-Date Profit & Loss Statement
• Property Update (10/19/2024):
• The tenant paid September's prorated rent at move-in and is up to date on October's rent.
• September's cashflow is $0 due to the leasing commission of $1,959.30, which exceeded revenue.
• Owners will begin receiving daily rent on November 14th, once October's cash flow begins being paid out, assuming the tenant is current on rent and there are no repair expenses.
• View YTD Profit & Loss Statement
• Property Update (09/28/2024):
• The Property Manager confirmed the tenants moved in and took possession on 9/20.
• The prorated rent paid was $1,026.30
• The leasing commission was $1,959.30 and will be paid from September's rent and partial of October's rent.
• The tenants are on a 12-month lease at $2,799/mo.
• The water, trash, and electric expenses will be billed back to the tenant from the HOA.
• Lease Agreement
• Property Update (08/31/2024):
• The tenants have executed the 12-month lease for $2,799.
• The move in date is set for 9/20.
• The water, trash, and electric expenses will be billed back to the tenant from the HOA.
• The tenant placement fee is 70% of 1 months rent ($1,959.30).
• The lease agreement is currently being redacted and will be uploaded to the property's Dropbox folder once the redaction is complete.
• Property Update (08/24/2024):
• The PM received applications for two roommates and they feel the roommates are a good fit for this unit.
• Their total monthly income is $12,676.79. They both passed the credit, criminal, and rental history background checks.
• The tenants are scheduled to move in on 9/20.
• The tenants paid a Security Deposit of $2,799.
• The tenants will sign a 12 month lease at $2,799. The PM will provide the lease once it has been executed by the tenants.
• Property Update (08/10/2024):
• The unit has not been leased since implementing the 4 weeks free special.
• The PM recommends to remove the special and reduce the rent instead.
• The rent has been reduced to $2,799.
• The effective rent for the 4 weeks free special at $3,000 was $2,750.
• Owners are continuing to receive daily rent until a new tenant is placed.
• Property Listing
• Property Update (07/20/2024):
• The PM advised the following regarding the turn repairs:
• We finished the security deposit accounting for this unit. Everything was done and there was no cost to the owner. We used a portion of the tenants deposit to make the repairs.
• Cleaning: $225
• Make Ready: $363.61
• Owners are continuing to receive daily rent until a new tenant is placed.
• The unit was listed for rent at $3,200 on 5/8.
• The PM reduced the price to $3,000 on 6/12.
• The PM stated they have been marketing and showing the unit, however they haven't been getting as much activity as they'd hoped at $3,200, so they reduced the rent to $3,000 to minimize vacancy time.
• The PM ran a comp report for the unit. Currently there are 18 units in the building listed for rent and 8 units list for sale.
• Of the 4 two bedroom units, this unit is the least expensive option.
• The PM recommends to offer a 4-week free special to increase leads/traffic for the unit.
• This would keep the rent higher and isn't too far off from what the 12-month rent roll would look like if the price was reduced.
• Comp Report
• Property Listing
• Property Update (06/21/2024):
• Per the property page, the tenant moved out at the end of their lease and the Property Manager completed the move out inspection.
• Owners are continuing to receive daily rent until a new tenant is placed.
• The PM advised that it was a minor turnover that was completed by their in-house maintenance team, ensuring a cost-effective solution compared to getting repair estimates with external vendors.
• A portion of the tenant's security deposit covered the full turn.
• The PM advised that they listed the unit on the market at $3,200/month, the same rate as the previous lease, for 35 days, and reduced the price to $3,000/month on 6/12 to increase demand.
• Once a new lease is signed, all owners will receive an update.