1. Can you buy a cash-flowing rental property in Fort Worth for under $300,000?

Yes. The four-bedroom rental at 3883 Steeplechase Drive in Fort Worth is available at a proposed purchase price of $280,000 and currently collects $3,040 per month from a Section 8 tenant. That's a 1.09% monthly rent-to-price ratio, exceeding the popular 1% rule. The tenant's lease reportedly extends through March 2028.

2. What is the rental income potential of a five-bedroom Section 8 property in Fort Worth, Texas?

Five-bedroom Section 8 payment standards in parts of Fort Worth can exceed $4,800 per month, depending on the housing authority and ZIP code. At 3883 Steeplechase Drive, converting an upstairs living room into a fifth bedroom may create an opportunity to increase rental income after the current tenant vacates. Actual rent depends on bedroom eligibility, housing authority approval, rent reasonableness, and property condition.

3. Are there fourplexes for sale near Mueller in Austin, Texas, that approach the 1% rule?

Yes. The fourplex at 2507 Manor Circle in Austin is being marketed at a proposed $600,000 purchase price. With four two-bedroom units and estimated full-occupancy rents of $5,800 per month, the property approaches the 1% rule. Two units are currently vacant, offering a house-hacking opportunity near Mueller, East Austin, Downtown Austin, and the University of Texas.

4. Are there newer multifamily investment properties for sale near Downtown Houston?

Yes. The eight-unit apartment building at 2942 Altoona Street in Houston was built in 2019 and is being offered to investors at a proposed $1.1 million purchase price, equivalent to $137,500 per unit. All eight two-bedroom apartments are reportedly leased. Preliminary rental estimates suggest approximately $11,200 in gross monthly income, pending verification through the rent roll and trailing financial statements.

5. Can investors buy a new construction duplex near Dallas with below-market mortgage financing?

Yes. The 2026-built duplex at 6625–6627 Florence Drive in Midlothian, Texas, is being marketed at a proposed $675,000 purchase price. It features two four-bedroom units generating approximately $4,998 in combined scheduled monthly rent. The seller advertises 5.25% mortgage financing through a preferred lender, subject to qualification and loan terms. The property also offers a one-acre lot, private garages, and fenced backyards.

$3,040/Mo Rent on a $280K House Plus 3 Multifamily Deals.

SUMMARY: A $280K Fort Worth rental collecting $3,040/month, a rare Central Austin fourplex near the 1% rule, a fully leased Houston 8-unit at $137,500 per door, and a brand-new DFW duplex with 5.25% financing.

1) Houston 8-Unit Projecting $11,200/Mo — $1.1M
Cap 8.17% | CoC 8.97% | Cash Needed $286,000 | Built 2019
Eight 2-bedroom, 2-bath apartments are fully leased, with rents averaging $1,400 per unit, or $134,400 annually. At $137,500 per door, I like the pricing for relatively new construction this close to Downtown Houston. We're still waiting on the rent roll and T-12 to verify the actual income and expenses. The nearby 150-acre East River development is bringing additional Class A commercial activity to Houston's east side.
2942 Altoona St Houston TX 77026

2) Midlothian New Construction Duplex with 5.25% Financing — $675K
Cap 6.19% | CoC 1.35% | Cash Needed $175,500 | Built 2026
This brand-new duplex offers nearly $5,000/month in scheduled rent, with two 4-bedroom, 2-bath units on a full acre. The seller is advertising a 5.25% mortgage rate through their preferred lender, which would improve returns compared with our standard underwriting. Each unit has its own garage and fenced backyard, making this an attractive long-term rental configuration. Google's established Midlothian data center campus and nearby Methodist Midlothian Medical Center provide important local employment anchors.
6625-6627 Florence Dr Midlothian TX 76065

3) Rare Central Austin Fourplex Near the 1% Rule — $600K
Cap 6.98% | CoC 4.39% | Cash Needed $156,000 | Built 1960
Four 2-bedroom units near Mueller, with modeled rents around $5,800/month at full occupancy, put this property very close to the 1% rule. We rarely see that combination of income and location in Central Austin. Two units are currently vacant, making this an exceptional house-hacking play, and recent improvements include a new roof, electrical panels, and stair walkway. You're positioned near Mueller, the University of Texas, Downtown Austin, and the best parts of East Austin.
2507 Manor Cir Austin TX 78723

4) Fort Worth Section 8 Rental Collecting $3,040/Mo — $280K
Cap 8.52% | CoC 10.33% | Cash Needed $72,800 | Built 1998
This 4-bedroom home already collects $3,040/month from a Section 8 tenant leased through March 2027, comfortably exceeding the 1% rule. There are two living rooms, and I believe converting the upstairs living room into a fifth bedroom with a wall and closet is worth exploring; the published five-bedroom voucher payment standard for this ZIP code is $4,853/month, although actual approved rent would depend on the housing authority. The property needs work, and I'd budget approximately $25,000 for repairs after the tenant moves out, but even $4,000/month on a $305,000 total investment would significantly exceed the 1% rule. This is an established south Fort Worth rental neighborhood with access to the broader Fort Worth employment market.
3883 Steeplechase Dr Fort Worth TX 76123

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