1) Killeen 26-Unit Turnkey Apartment Building $15,685/mo $1.325M
Asset Quality: B | Neighborhood Quality: C | Year Built: 1970
224–228 Hold Street: Producing $15,685 per month with 26 units, including 13 one-bed, one-bath units and 13 two-bed, one-bath units. The property is 100% occupied and turnkey, with taxes around $21,000 per year, insurance around $12,000 per year, and owner-paid water, sewer, and trash around $8,100 annually. At $1.325M, this is a rare fully occupied multifamily deal with real scale in Killeen, and I expect it to move quickly.
Listing Link
Sale Price: | $ 1,325,000 | Cap Rate | 8.84% |
Cash Needed (25% down + cc) | $ 344,500 | Cash on Cash | 11.54% |
P&L | Monthly | Annual | |
Projected Income | $ 15,685 | $ 188,220 | |
Mortgage PMT (6.75% Int) | $ 6,445 | $ 77,345 | |
Taxes | $ 2,208 | $ 26,500 | |
Insurance | $ 839 | $ 10,070 | |
Vacancy Reserve | $ 392 | $ 4,706 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 2,488 | $ 29,850 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 9,758 | $ 117,095 | |
Cashflow | $ 3,312 | $ 39,749 |
2) Wylie Turnkey Quadplex $6,185/mo Growth Market $650K
Asset Quality: B+ | Neighborhood Quality: A- | Year Built: 1986
12 Trails Place A–D: Producing $6,185 per month with all four units leased to long-term tenants. This is a turnkey quadplex with no repairs needed, located in a like-style community in Wylie, one of the more interesting smaller submarkets in the north Dallas growth corridor. Taxes are around $9,200 annually, schools are highly rated 8s and 9s, and this should cash flow while giving you exposure to a strong tenant base, low vacancy risk, and long-term growth.
Listing Link
Sale Price: | $ 650,000 | Cap Rate | 7.43% |
Cash Needed (25% down + cc) | $ 169,000 | Cash on Cash | 6.14% |
P&L | Monthly | Annual | |
Projected Income | $ 6,185 | $ 74,220 | |
Mortgage PMT (6.75% Int) | $ 3,162 | $ 37,943 | |
Taxes | $ 767 | $ 9,200 | |
Insurance | $ 412 | $ 4,940 | |
Vacancy Reserve | $ 155 | $ 1,856 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 825 | $ 9,900 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 4,027 | $ 48,325 | |
Cashflow | $ 865 | $ 10,382 |
3) San Antonio 4-Unit House Hack or Buy-and-Hold $5,615/mo Projected $610K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1985
11136 El Sendera Street: Currently producing $4,215 per month with three of four units leased, plus one vacant unit that should lease for around $1,400 per month, bringing projected rent to $5,615 per month. Each unit is 2 beds, 2.5 baths, and the property sits in a solid B-grade location north of I-35 on the northeast side of San Antonio. This is a strong fit for a house hacker or long-term rental investor using 25% down conventional financing who wants a cash-flow-positive asset in turnkey condition.
Listing Link
Sale Price: | $ 610,000 | Cap Rate | 6.53% |
Cash Needed (25% down + cc) | $ 158,600 | Cash on Cash | 2.68% |
P&L | Monthly | Annual | |
Projected Income | $ 5,615 | $ 67,380 | |
Mortgage PMT (6.75% Int) | $ 2,967 | $ 35,608 | |
Taxes | $ 1,017 | $ 12,200 | |
Insurance | $ 386 | $ 4,636 | |
Vacancy Reserve | $ 140 | $ 1,685 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 750 | $ 9,000 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 3,322 | $ 39,860 | |
Cashflow | $ 354 | $ 4,251 |
4) Austin Furnished STR Large Lot South Austin $440K
Asset Quality: B+ | Neighborhood Quality: B | Year Built: 1980
8517 Romney Road: Produced $63,106 in gross revenue in 2024 and $49,267 in 2025 while only being listed on Airbnb. The property is being sold fully furnished, has no HOA, sits on a large lot in an excellent South Austin location off South First Street, and is close to parks, breweries, shopping, and major demand drivers. There is meaningful upside through cross-posting across multiple STR platforms, and the 1980 build is newer than much of the older 1950s and 1960s inventory common in this area.
Listing Link
Sale Price: | $ 440,000 | Cap Rate | 8.19% |
Cash Needed (25% down + cc) | $ 114,400 | Cash on Cash | 9.04% |
P&L | Monthly | Annual | |
Projected Income | $ 6,048 | $ 72,572 | |
Mortgage PMT (6.75% Int) | $ 2,140 | $ 25,684 | |
Taxes | $ 733 | $ 8,800 | |
Maint Reserve | $ 121 | $ 1,451 | |
Management | $ - | $ - | |
Utilities | $ 675 | $ 8,100 | |
Insurance | $ 268 | $ 3,212 | |
Landscaping | $ 100 | $ 1,200 | |
Supplies / Toiletries | $ 75 | $ 900 | |
Cleaning Fees | $ 650 | $ 7,800 | |
HOT Tax + Platform Fees (7%) | $ 423 | $ 5,080 | |
OPEX | $ 3,045 | $ 36,543 | |
Cashflow | $ 862 | $ 10,344 | |
NOI (Income - OPEX) | $ 3,002 | $ 36,028 |
5) Dallas Turnkey Duplex $3,400/mo Appraised at $370K asking $330K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1947
2404–2406 Colony Court: Producing $3,400 per month with both sides leased at an average of $1,700 per door. Each side is a 2 bed, 1 bath, both HVAC systems were replaced in 2025, and the property appraised for $370,000 last year. At $330K, this is a cash-flow-positive long-term rental with turnkey condition, built-in equity, and multiple exit strategies through long-term rental, midterm rental, short-term rental, or house hacking given proximity to downtown Dallas and Love Field.
Listing Link
Sale Price: | $ 330,000 | Cap Rate | 7.29% |
Cash Needed (25% down + cc) | $ 85,800 | Cash on Cash | 5.60% |
P&L | Monthly | Annual | |
Projected Income | $ 3,400 | $ 40,800 | |
Mortgage PMT (6.75% Int) | $ 1,605 | $ 19,263 | |
Taxes | $ 550 | $ 6,600 | |
Insurance | $ 209 | $ 2,508 | |
Vacancy Reserve | $ 85 | $ 1,020 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 550 | $ 6,600 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 2,006 | $ 24,072 | |
Cashflow | $ 401 | $ 4,809 |
Thank you for taking a few minutes to review the deals!
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-Vic