SUMMARY: A 32-unit deal with seller financing and only 20% down, plus a fully leased Garland quad at $550K—two very different ways to add doors without taking on a renovation project.
1) Killeen 32-Unit Seller Finance $1.45M »unicorn deal«
Asset Quality B | Neighborhood Quality C | Year Built 1976
This property produced $114,182 of trailing 12 month NOI while only 26 of 32 units were occupied. Seller will now take $1.45M and offer seller financing with 20% down, 7.5% interest, 40-year amortization and a 7-year balloon. Very easy entry into larger scale multifamily ownership! A highly reputable property manager is already in place as well and will continue to manage for the new owner. Perfect leapfrog deal for an investor ready to jump from small rentals into commercial scale. Rent roll, P&L and seller financing terms available. Click link below for RR and PnL.
2203 Jennifer Dr Killeen TX 76542
Sale Price | $ 1,450,000 | Cap Rate | 9.19% |
Cash Needed | $ 304,500 | Cash on Cash | 13.69% |
Monthly | Annual | ||
Income | $ 24,215 | $ 290,580 | |
Mortgage | 7.50% | $ 7,634 | $ 91,603 |
Tax | $ 1,860 | $ 22,319 | |
Insurance | $ 1,702 | $ 20,418 | |
Vacancy | $ 2,422 | $ 29,058 | |
Maintenance | $ 2,475 | $ 29,700 | |
Utilities | $ 2,202 | $ 26,428 | |
Management | $ 1,937 | $ 23,246 | |
Lawn Care | $509.17 | $ 6,110 | |
HOA | 0 | $ - | |
NOI | $ 11,108 | $ 133,301 | |
Cashflow | $ 3,475 | $ 41,698 |
2) Garland Quad $4,945/mo $550K
Asset Quality B | Neighborhood Quality C+ | 1984
$4,945/month is already coming in on a $549,900 asking price, putting this fully occupied quad at a 0.90% rent-to-price ratio. All four units are leased, with renewals stretching into 2027, and the property has no HOA. This one went off market and is now back, so investors who missed it the first time have another shot at four occupied DFW doors under $550K. Current rent roll and lease details available. Realistically I would start an offer at $525k.
2105 W Walnut St Garland TX 75042
Sale Price | $ 535,000 | Cap Rate | 7.15% |
Cash Needed | $ 112,350 | Cash on Cash | 6.27% |
Monthly | Annual | ||
Income | $ 4,945 | $ 59,340 | |
Mortgage | 6.75% | $ 2,602 | $ 31,230 |
Tax | $ 892 | $ 10,700 | |
Insurance | $ 294 | $ 3,531 | |
Vacancy | $ - | $ - | |
Maintenance | $ 148 | $ 29,700 | |
Utilities | $ - | $ 26,428 | |
Management | $ 346 | $ 4,154 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,190 | $ 38,275 | |
Cashflow | $ 587 | $ 7,045 |
Unicorn Deal»
NEW CONSTRUCTION. ALREADY RENTED.
Buy Turnkey Rentals Across DFW + Houston
Anderson Residential Communities is the Built-to-Rent development partner of The Texas Deal List, with new-construction rental homes across multiple master-planned communities in Texas.
✓ Tenants already in place
✓ New construction
✓ Property management already established
✓ Exclusive financing, incentives, and discounts
✓ Multiple communities and floor plans to choose from
✓ HouseHacker Eligible with 3-5% down!
Considering an offer? Let’s talk next steps.
[email protected]
512-270-3257