SUMMARY: a 5-acre waterfront STR projecting $135K/year, a Galveston STR projecting $83K/year, a new-construction Section 8 duplex, and a Dallas duplex with room to negotiate on price.
San Leon 5-Acre STR With $135K Annualized Revenue — Asking $840K
Cap 8.20% | CoC 9.1% | Cash Needed $218,200 | Built 2007
This fully furnished STR has averaged $11,250/month over three months of operating history, suggesting a $130K–$140K annual producer, although we don't have a full year of results yet. This is a private five-acre retreat with a heated pool, hot tub, two-acre stocked fishing pond, and an established Airbnb listing rated 4.82 stars across 45 reviews. I recommend opening negotiations at $790K and expect a final price around $820K, which is where I've calculated the returns; this reminds me of our Canterbury Road deal in Porter and offers a lot of flexibility for someone wanting to own an operating STR before year-end. Nearby Galveston Bay recreation, Kemah attractions, and Space Center Houston provide established visitor demand anchors.
6510 Wig St, Dickinson, TX 77539
Sale Price | $ 820,000 | Cap Rate | 8.20% |
Cash Needed | $ 213,200 | Cash on Cash | 9.10% |
Monthly | Annual | ||
Income | $ 11,250 | $ 135,000 | |
Mortgage | 6.75% | $ 3,989 | $ 47,867 |
Tax | $ 579 | $ 16,400 | |
Repairs | $ 225 | $ 2,700 | |
Insurance | $ 333 | $ 4,000 | |
Mgmt | $ 1,688 | $ 20,250 | |
Utilities | $ 950 | $ 11,400 | |
Landscape | $ 225 | $ 2,700 | |
Supplies | $ 150 | $ 1,800 | |
Cleaning | $ 1,100 | $ 10,800 | |
Misc Fees | $ 394 | $ 4,725 | |
NOI | $ 5,606 | $ 67,277 | |
Cashflow | $ 1,618 | $ 19,410 |
Dallas New-Construction Duplex Projecting $5,300/Mo — Target $575K (Asking $610K)
Cap 6.8% | CoC 3.70% | Cash Needed $149,500 | Built 2026
This brand-new duplex projects $5,300/month at $2,650 per side, based on my review of nearby rental comps rather than the seller's original $6,000/month estimate. Each unit offers three bedrooms, 2.5 bathrooms, approximately 1,750 square feet, and private garage parking. I'd push to purchase both units together at $575K, where the numbers work better and you're getting new construction without the immediate maintenance demands of an older duplex.
3524 & 3526 Spring Ave, Dallas, TX 75210
Sale Price | $ 575,000 | Cap Rate | 6.80% |
Cash Needed | $ 149,500 | Cash on Cash | 3.70% |
Monthly | Annual | ||
Income | $ 5,300 | $ 63,600 | |
Mortgage | 6.75% | $ 2,797 | $ 33,565 |
Tax | $ 958 | $ 11,500 | |
Insurance | $ 267 | $ 3,200 | |
Vacancy | $ 212 | $ 2,544 | |
Maintenance | $ 159 | $ 1,908 | |
Utilities | $ - | $ - | |
Management | $ 371 | $ 4,452 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,258 | $ 39,096 | |
Cashflow | $ 461 | $ 5,531 |
Fort Worth New-Construction Section 8 Duplex — Target $550K (Asking $585K)
Cap 7.39% | CoC 5.96% | Cash Needed $143,000 | Built 2026
This new-construction duplex has two four-bedroom units, with a combined $5,400/month rental target based on Fort Worth Housing’s published 2026 Section 8 payment standards. Each unit offers approximately 1,688 square feet, 2.5 bathrooms, and an attached garage, making this a compelling configuration for larger households. I'd target a $550K purchase price and pursue qualified voucher tenants, subject to the housing authority's rent-reasonableness review, utility allowances, and unit approval. We did have an offer submitted at $525k rejected by the seller. It seems $550k is their floor. The property is in Fort Worth's 76104 ZIP code, near the Southside Medical District and its major healthcare employers.
1632 & 1634 Bessie St, Fort Worth, TX 76104
Sale Price | $ 550,000 | Cap Rate | 7.39% |
Cash Needed | $ 143,000 | Cash on Cash | 5.96% |
Monthly | Annual | ||
Income | $ 5,400 | $ 64,800 | |
Mortgage | 6.75% | $ 2,675 | $ 32,106 |
Tax | $ 917 | $ 11,000 | |
Insurance | $ 267 | $ 3,200 | |
Vacancy | $ 216 | $ 2,592 | |
Maintenance | $ 162 | $ 1,944 | |
Utilities | $ - | $ - | |
Management | $ 378 | $ 4,536 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,386 | $ 40,628 | |
Cashflow | $ 710 | $ 8,522 |
Galveston New-Construction STR Projecting $83K/Year — Target $470K (Asking $499K)
Cap 7.19% | CoC 4.48% | Cash Needed $142,200 | Built 2026
This brand-new three-bedroom Galveston home comes with an $83K annual gross STR revenue projection from a local vacation rental manager, with an additional $20K budgeted for upfront expenses including installation of a spa. The seller is reportedly liquidating due to divorce, and I think there's negotiating room to open at $450K and finish near $470K. With bay views, 2,148 square feet, and an asking price approximately $100k below comparable properties, you’re walking into a great equity position. Galveston's established tourism economy attracts millions of annual visitors through its beaches, attractions, events, and cruise industry.
1627 Bay Pointe Dr, Galveston, TX 77554
SERIOUS ABOUT BUYING IN THE NEXT 90 DAYS?
Get Priority Access to Deals That Match Your Buy Box.
We scrub your exact criteria against every deal that crosses our desk.
When something fits, you get a direct alert before it hits the public Deal List, so you can review it and move before thousands of other investors see it.
$499 to join. $998 credited back at closing.
Want the details?
Considering an offer? Let’s talk next steps.
[email protected]
512-270-3257