Summary: I’m excited to bring these four fully occupied properties to market exclusively priced for Steffen Realty clients. Every deal offers off-market pricing, turnkey, cash-flow positive, and backed by long-term leases with strong rental income relative to the purchase price. These are especially well suited for overseas and out-of-state investors who want quality assets without taking on renovations, lease-up, or day-to-day operations.
1) Houston New Duplex Producing $5,200/mo $519K
Asset Quality A | Neighborhood Quality C+ | Year Built TBD
$5,200 per month is already in place across two occupied units, putting this new-construction duplex above the 1% rule. Both three-bedroom units have long-term leases through July and August 2027, and the tenants pay all utilities. There is no renovation, lease-up, or immediate vacancy risk, and the matching neighboring duplex was under contract around $545,000. Ideal for an investor ready to scale into two turnkey units; reply for the leases, photos, and diligence. Great deal!
5406 Pershing St Houston TX 77033
Sale Price | $ 519,000 | Cap Rate | 7.99% |
Cash Needed | $ 134,940 | Cash on Cash | 8.27% |
Monthly | Annual | ||
Income | $ 5,200 | $ 62,400 | |
Mortgage | 6.75% | $ 2,525 | $ 30,296 |
Tax | $ 865 | $ 10,380 | |
Insurance | $ 285 | $ 3,425 | |
Vacancy | $ - | $ - | |
Repairs | $ 156 | $ 1,872 | |
Utilities | $ - | $ - | |
Management | $ 364 | $ 4,368 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,455 | $ 41,455 | |
Cashflow | $ 930 | $ 11,159 |
2) Houston Fully Occupied Duplex Producing $3,525/mo $353K
Asset Quality A | Neighborhood Quality C+ | Year Built TBD
$3,525 per month is already in place across two occupied three-bedroom units. One tenant pays $1,750 at market rate, while the Section 8 tenant pays $1,775, giving the income two different sources. Both leases run through September 2026, and both tenants have said they want to renew. Perfect first multifamily investment.
Photos Link: 10000 Haddick St Houston TX 77078
Sale Price | $ 353,000 | Cap Rate | 7.87% |
Cash Needed | $ 91,780 | Cash on Cash | 7.82% |
Monthly | Annual | ||
Income | $ 3,525 | $ 42,300 | |
Mortgage | 6.75% | $ 1,717 | $ 20,606 |
Tax | $ 588 | $ 7,060 | |
Insurance | $ 194 | $ 2,330 | |
Vacancy | $ - | $ - | |
Repairs | $ 106 | $ 1,269 | |
Utilities | $ - | $ - | |
Management | $ 247 | $ 2,961 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 2,315 | $ 27,780 | |
Cashflow | $ 598 | $ 7,174 |
3) Houston (Rosharon) SFR With 24 Months Free Management $299K
Asset Quality A+ | Neighborhood Quality A+ | Year Built 2023
$2,905 per month in total income produces a projected 7.2% cap rate and $550 per month in cash flow with 25% down. The tenant is locked in through December 2026, and the purchase includes 24 months of institutional-grade property management at no cost. The home sits in a master-planned community where 70% of tenants renew, reducing turnover and protecting long-term income. Ideal for an investor seeking a passive five-to-seven-year hold.
10607 Crescent Peak Court Rosharon TX 77583
Sale Price | $ 299,000 | Cap Rate | 7.19% |
Cash Needed | $ 77,740 | Cash on Cash | 8.49% |
Monthly | Annual | ||
Income | $ 2,905 | $ 34,860 | |
Mortgage (IO) | 6.65% | $ 1,242 | $ 14,904 |
Tax | $ 705 | $ 8,460 | |
Insurance | $ 175 | $ 2,100 | |
Repairs | $ 135 | $ 1,620 | |
HOA | $ 98 | $ 1,176 | |
NOI | $ 1,792 | $ 21,504 | |
Cashflow | $ 550 | $ 6,600 |
4) Dallas Rental With $30K Walk-In Equity $265K great deal
Asset Quality A | Neighborhood Quality B | Year Built 2020
$2,325 per month is already in place with a tenant who covers all utilities and lawn care. The $265,000 price sits below the estimated $285,000-$300,000 value supported by nearby comps, creating a $30,000 equity position at closing. The month-to-month lease gives the buyer flexibility, and the seller can put a long-term lease in place for someone who wants predictable income. Perfect deal for an investor moving into a newer turnkey rental; reply for the comps and lease details.
Photos Link: 3807 Alsbury St Dallas TX 75216
Considering an offer? Let’s talk next steps.
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512-270-3257