Houston Luxury STR Portfolio Producing $705K/yr $3.84M
Asset Quality Grade: A+ | Neighborhood Quality Grade: A+ | Year Built: 2018
911-917 Thompson St: Fully stabilized portfolio of four luxury townhomes producing approximately $705,000 in annual gross revenue with 75-85% occupancy and premium nightly rates driven by large group bookings. Each unit offers over 3,100 square feet with rooftop decks, skyline views, and high end design in one of Houston’s most walkable and desirable neighborhoods. Fully furnished and professionally operated with optional management in place, allowing immediate cash flow with no lease up or renovation risk. Located on Washington Ave with direct access to Downtown, Montrose, and River Oaks, with strong demand from corporate travel, group stays, and major upcoming events. Price recently reduced from $5M to $3.84M.
Deal Cover Sheet | 911 Thompson | 913 Thompson | 915 Thompson | 917 Thompson
Sale Price: | $ 3,840,000 | Cap Rate | 10.93% |
Cash Needed (25% down + cc) | $ 998,400 | Cash on Cash | 21.31% |
P&L | Monthly | Annual | |
Projected Income | $ 58,750 | $ 705,000 | |
Mortgage PMT (6.0% Int) | $ 17,266 | $ 207,187 | |
Taxes | $ 3,750 | $ 45,000 | |
Maint Reserve | $ 600 | $ 7,200 | |
Management | $ 8,813 | $ 105,750 | |
Utilities | $ 1,800 | $ 21,600 | |
Insurance | $ 1,333 | $ 16,000 | |
Landscaping | $ 150 | $ 1,800 | |
Supplies / Toiletries | $ 400 | $ 4,800 | |
Cleaning Fees | $ 2,800 | $ 33,600 | |
HOT TAX + Platform Fees | $ 4,113 | $ 49,350 | |
OPEX | $ 23,758 | $ 285,100 | |
Cashflow | $ 17,726 | $ 212,713 | |
NOI (Income - OPEX) | $ 34,992 | $ 419,900 |
Dallas (Lower Greenville) 12 Unit Multifamily $15,284/mo 1%+ Deal $1.5M
Asset Quality: B | Neighborhood Quality: A | Year Built: 1960s
5921 Gaston Avenue: Producing $15,284 per month with leases that can be pushed to $16,400, this 12 unit asset already exceeds the 1% rule with additional upside through unit upgrades and rent increases. Large 1 bed layouts around 700 sqft outperform newer, smaller product and support strong tenant demand. Well located between Lower Greenville and Old East Dallas with close access to Downtown, Uptown, and White Rock Lake. Offered at $1.55M with a realistic entry closer to $1.475M, creating both yield and appreciation in a supply constrained submarket.
OM | Listing
Sale Price: | $ 1,455,000 | Cap Rate | 7.31% |
Cash Needed (25% down + cc) | $ 378,300 | Cash on Cash | 5.67% |
P&L | Monthly | Annual | |
Projected Income | $ 16,000 | $ 192,000 | |
Mortgage PMT (6.75% Int) | $ 7,078 | $ 84,934 | |
Taxes | $ 2,425 | $ 29,100 | |
Maint Reserve | $ 450 | $ 5,400 | |
Management | $ 1,120 | $ 13,440 | |
Utilities | $ 1,667 | $ 20,000 | |
Insurance | $ 922 | $ 11,058 | |
Landscaping | $ 150 | $ 1,800 | |
Vacancy Reserve | $ 400 | $ 4,800 | |
HOA | $ - | $ - | |
OPEX | $ 7,133 | $ 85,598 | |
Cashflow | $ 1,789 | $ 21,468 | |
NOI (Income - OPEX) | $ 8,867 | $ 106,402 |
Houston Luxury STR Townhome Producing Proven Revenue Turnkey $960k
Asset Quality: A+ | Neighborhood Quality: A+ | Year Built: 2018
911 Thompson St: Fully operational short term rental generating strong in-place revenue with 75% to 85% occupancy and premium nightly rates ranging from $490 to $1,264, driven by large group bookings in a high demand Houston submarket. Four story luxury townhome with over 3,100 square feet, 4 bedrooms, 3.5 bathrooms, rooftop deck, skyline views, and high end finishes designed specifically for premium STR performance. Delivered fully furnished with systems already in place and optional management available, allowing immediate income with no setup or lease up required. Located in Rice Military on Washington Ave with direct access to Downtown, Montrose, and River Oaks, surrounded by major demand drivers including corporate travel, events, and tourism. Strong upside through active management, rate optimization, and major upcoming events, making this a high quality turnkey STR with both immediate cash flow and long term appreciation.
Listing Link | AirBnb Link
Sale Price: | $ 960,000 | Cap Rate | 9.18% |
Cash Needed (25% down + cc) | $ 249,600 | Cash on Cash | 14.55% |
P&L | Monthly | Annual | |
Projected Income | $ 14,688 | $ 176,250 | |
Mortgage PMT (6.0% Int) | $ 4,316 | $ 51,797 | |
Taxes | $ 1,600 | $ 19,200 | |
Maint Reserve | $ 150 | $ 1,800 | |
Management | $ 2,203 | $ 26,438 | |
Utilities | $ 800 | $ 9,600 | |
Insurance | $ 488 | $ 5,850 | |
Landscaping | $ 75 | $ 900 | |
Supplies / Toiletries | $ 150 | $ 1,800 | |
Cleaning Fees | $ 850 | $ 10,200 | |
HOT Tax + Platform Fees (7%) | $ 1,028 | $ 12,338 | |
OPEX | $ 7,344 | $ 88,125 | |
Cashflow | $ 3,027 | $ 36,328 | |
NOI (Income - OPEX) | $ 7,344 | $ 88,125 |
Arlington 8-Unit $9,350/mo LTR and STR Eligible Near ATT Stadium $919K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1977
$6,875 current rent with two units vacant and $9,350/mo projected once remaining units filled, giving you immediate cash flow plus lease up and short term rental potential in Arlington’s entertainment district. All units are 2 bed 1 bath with several already renovated and positioned for STR use. Located next to AT&T Stadium and Globe Life Field, demand here is extremely strong for both long and short term tenants. REO pricing at $919,000 versus a $1.225M tax value creates strong entry, and I think this is one of the more interesting hybrid STR multifamily plays in DFW right now. The proforma below reflects use as a traditional LTR deal. STR units in this area will pull $2500 - $3500 per month per unit depending on the season.
Listing Link 111 E Rogers
Sale Price: | $ 919,000 | Cap Rate | 8.16% |
Cash Needed (25% down + cc) | $ 238,940 | Cash on Cash | 8.95% |
P&L | Monthly | Annual | |
Projected Income | $ 9,350 | $ 112,200 | |
Mortgage PMT (6.75% Int) | $ 4,470 | $ 53,646 | |
Taxes | $ 1,532 | $ 18,380 | |
Insurance | $ 582 | $ 6,984 | |
Vacancy Reserve | $ 234 | $ 2,805 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 750 | $ 9,000 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 6,253 | $ 75,031 | |
Cashflow | $ 1,782 | $ 21,385 |
Dallas 8 Unit Value Add Multifamily Lease Reset Opportunity $879K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1982
$8,800 per month at current rents with all leases aligned to renew July 1, giving full control to reset rents this summer. Updated interiors keep near-term capex low while you push income. A few vacancies allow immediate rent bumps. Strong demand near Love Field Airport and UT Southwestern. Multiple value-add levers can be pulled shortly after closing to force appreciation and cashflow.
Listing Link 3209 Norwalk
Sale Price: | $ 879,000 | Cap Rate | 7.49% |
Cash Needed (25% down + cc) | $ 228,540 | Cash on Cash | 6.34% |
P&L | Monthly | Annual | |
Projected Income | $ 8,800 | $ 105,600 | |
Mortgage PMT (6.75% Int) | $ 4,276 | $ 51,311 | |
Taxes | $ 1,465 | $ 17,580 | |
Insurance | $ 557 | $ 6,680 | |
Vacancy Reserve | $ 220 | $ 2,640 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 1,075 | $ 12,900 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 5,483 | $ 65,800 | |
Cashflow | $ 1,207 | $ 14,489 |
Austin Metro Quadplex 1% Rule Rare Find $500K
Asset Quality B | Neighborhood Quality B | Year Built 1985
$5,325 current monthly rent with one unit used as STR pushing total income to $5,400+. True 1% rule deal just 25 minutes from Austin in a supply constrained submarket. 1985 build with PVC plumbing, copper wiring, and separate meters keeps expenses low and operations simple. High occupancy rate history with updated interiors. Deals like this near Austin are extremely rare at this price point.
Listing Link: 20700 Bonanza
Sale Price: | $ 500,000 | Cap Rate | 8.32% |
Cash Needed (25% down + cc) | $ 130,000 | Cash on Cash | 9.53% |
P&L | Monthly | Annual | |
Projected Income | $ 5,400 | $ 64,800 | |
Mortgage PMT (6.75% Int) | $ 2,432 | $ 29,187 | |
Taxes | $ 833 | $ 10,000 | |
Insurance | $ 317 | $ 3,800 | |
Vacancy Reserve | $ 135 | $ 1,620 | |
Operating Expenses (Maintenance Management Utilities Landscaping HOA) | $ 650 | $ 7,800 | |
NOI (Income less Taxes, Insurance, Vacancy, OpEx) | $ 3,465 | $ 41,580 | |
Cashflow | $ 1,033 | $ 12,393 |
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-Vic