Summary: a 100% occupied 32-unit Houston complex, a heavy-cash-flow triplex priced under $400K, and a 2021 Fort Worth rental with $2,500 per month locked in through August 2029.
1) Houston 32-Unit 100% Occupied Pulling $28,725/mo $2.8M
Asset Quality B | Neighborhood Quality C+ | Year Built 1955
Current rent is $28,725 per month across 32 fully occupied two-bedroom units. Ownership completed more than $500,000 in renovations, and the T-12 shows $170,724 in NOI. A 6.59% fixed Fannie Mae loan is available for assumption, subject to lender approval, with additional upside from utility billbacks and operating improvements. Ideal for a buyer ready to scale or complete a 1031 exchange; the offering memorandum, financials, and loan details linked below.
5408 Market St Houston TX 77020
Offering Memo
2) Fort Worth 2021 Rental Leased Through 2029 $400K
Asset Quality A | Neighborhood Quality A | Year Built 2021
“Set it and forget it” Rent is at $2,500 per month through August 30, 2029. Yes, a 36 month lease. The tenant covers utilities and yard care, reducing day-to-day involvement for the owner. This single-story four-bedroom home sits in an A-grade neighborhood with highly rated schools and commercial development in every direction. Ideal for an overseas or out-of-state investor who wants long-term real estate exposure and appreciation plus tax benefit without active management.
Images Linked: 10532 Lequoia St Fort Worth TX 76179
Sale Price | $ 400,000 | Cap Rate | 4.68% |
Cash Needed | $ 204,000 | Cash on Cash | 1.63% |
Monthly | Annual | ||
Income | $ 2,500 | $ 30,000 | |
Mortgage (IO) | 6.65% | $ 1,283 | $ 15,396 |
Tax | $ 705 | $ 8,460 | |
Insurance | $ 175 | $ 2,100 | |
Repairs | $ - | $ - | |
HOA | $ 60 | $ 720 | |
NOI | $ 1,560 | $ 18,720 | |
Cashflow | $ 277 | $ 3,324 |
3) Houston Triplex with Heavy Cash Flow $399k
Asset Quality B | Neighborhood Quality B | Year Built 1975
The rent roll documents 2 of 3 units occupied at $1375 per month each. Each of the three units has a separate tax account giving the new owner flexibility to sell individual units if you choose. All utilities are separately metered including water. Units fill quickly and market comps suggest you can even push rents as high as $1500 per unit. Excellent cash flow play selling for below FMV.
12738 Shannon Hills Dr Houston TX 77099
Sale Price | $ 399,000 | Cap Rate | 7.91% |
Cash Needed | $ 103,740 | Cash on Cash | 7.96% |
Monthly | Annual | ||
Income | $ 4,125 | $ 49,500 | |
Mortgage | 6.75% | $ 1,941 | $ 23,291 |
Tax | $ 665 | $ 7,980 | |
Insurance | $ 219 | $ 2,633 | |
Vacancy | $ 124 | $ 1,485 | |
Repairs | $ 124 | $ 1,485 | |
Utilities | $ - | $ - | |
Management | $ 289 | $ 3,465 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 2,629 | $ 31,552 | |
Cashflow | $ 688 | $ 8,260 |
Considering an offer? Let’s talk next steps.
[email protected]
512-270-3257