1) Amarillo 48-Unit Cash Gusher With 10%+ Cap | $2.5M
Asset Quality B | Neighborhood Quality B | Year Built 1977
$33,725 per month is already coming in, with market rent of $36,925 once the remaining four units are filled. This stabilized 48-unit apartment building is 91.7% occupied, professionally managed, and produced $238,264 in trailing NOI, with a Class IV roof replaced in 2023. At a likely $2.5M purchase price, the existing NOI puts the deal above a 9.5% cap before capturing the remaining rent upside. I would open around $2.4M and expect this to get done near $2.5M.
4101 Republic Ave Amarillo 79109
Sale Price | $ 2,500,000 | Cap Rate | 11.42% |
Cash Needed | $ 650,000 | Cash on Cash | 21.49% |
Monthly | Annual | ||
Income | $ 36,000 | $ 432,000 | |
Mortgage | 6.75% | $ 12,161 | $ 145,935 |
Tax | $ 4,167 | $ 50,000 | |
Insurance | $ 1,583 | $ 19,000 | |
Repairs | $ 1,080 | $ 12,960 | |
Mgmt | $ 2,520 | $ 30,240 | |
Vacancy | $ 1,800 | $ 21,600 | |
Utilities | $ 900 | $ 10,800 | |
Lawn | $ 150 | $ 1,800 | |
HOA | $ - | $ - | |
NOI | $ 23,800 | $ 285,600 | |
Cashflow | $ 11,639 | $ 139,665 |
2) Austin Turnkey Two-Home STR Projected at $220k Revenue | $1.1M
Asset Quality A+ | Neighborhood Quality A- | Year Built 2024
$60,000 in revenue came in during only 14 weeks of Airbnb history, supporting projected annual revenue of roughly $220,000. This turnkey property includes two homes on separate legal parcels: a 4-bedroom, 3-bath Unit A and a 3-bedroom, 2.5-bath Unit B, plus a pool, infrared sauna, hot tub, cold plunge, massage chair, furnishings, and three yards. The best setup is three Airbnb listings—Unit A, Unit B, and both homes combined—giving one property multiple ways to capture bookings and maximize occupancy. Everything pictured conveys, and I think an offer around $1.1M has a strong chance of getting accepted.
6117 Richardson Ln Austin 78741
Sale Price | $ 1,100,000 | Cap Rate | 10.09% |
Cash Needed | $ 286,000 | Cash on Cash | 16.37% |
Monthly | Annual | ||
Income | $ 18,333 | $ 220,000 | |
Mortgage | 6.75% | $ 5,351 | $ 64,211 |
Tax | $ 1,833 | $ 22,000 | |
Repairs | $ 550 | $ 6,600 | |
Insurance | $ 697 | $ 8,360 | |
Mgmt | $ 2,750 | $ 33,000 | |
Utilities | $ 750 | $ 9,000 | |
Landscape | $ 150 | $ 1,800 | |
Supplies | $ 150 | $ 1,800 | |
Cleaning | $ 1,100 | $ 13,200 | |
HOT Fee | $ 1,283 | $ 15,400 | |
NOI | $ 9,253 | $ 111,040 | |
Cashflow | $ 3,902 | $ 46,829 |
3) Austin House Hacker Special Near The Domain | $399k
Asset Quality B | Neighborhood Quality B | Year Built 1979
$3,395 per month in combined rent puts this Austin duplex within reach of the 1% rule at a likely $399,000 purchase price (asking is $429k). The larger 3-bedroom side should rent for about $2,000, while the 2-bedroom side has been occupied for years and currently pays $1,395 per month. The photos are bad and I don’t expect this to get many offers at the asking price. The air-conditioned outbuilding could create extra income through paid storage or a small pet-boarding setup. I would open at $392,000 and expect the deal to land around $399,000.
914 Bird Creek Dr Austin 78758
4) Houston (Rosharon) Turnkey Rental Leased Through 2027 | $289k
Asset Quality A+ | Neighborhood Quality A+ | Year Built 2022
$2,625 per month is locked in through May 31, 2027, creating immediate income with almost no near-term vacancy risk. This off-market Rosharon rental is in a master-planned community, has no known deferred maintenance, and already has professional management handling routine maintenance and yard care. The sale also includes two years of free property management, and experienced investors may qualify for 40 years of interest-only financing to reduce the monthly payment. I think this can be landed around $285,000, making it one of the lowest-risk rentals on today’s list.
10638 Cascade Creek Dr Rosharon 77583
Sale Price | $ 289,000 | Cap Rate | 6.36% |
Cash Needed | $ 75,140 | Cash on Cash | 5.28% |
Monthly | Annual | ||
Income | $ 2,625 | $ 31,500 | |
Mortgage (IO) | 6.65% | $ 1,201 | $ 14,412 |
Tax | $ 689 | $ 8,270 | |
Insurance | $ 171 | $ 2,052 | |
Repairs | $ 135 | $ 1,620 | |
HOA | $ 98 | $ 1,176 | |
NOI | $ 1,532 | $ 18,382 | |
Cashflow | $ 331 | $ 3,970 |
5) Houston Off-Market New Construction Duplex Portfolio | $399k–$405k Each
Asset Quality A | Neighborhood Quality B | Year Built 2026
$3,700 per month in projected rent gives each of these eight new-construction duplexes strong income at a realistic $395,000 purchase price… Premium and Unicorn deals are reserved for readers with 3+ referrals. Share The Texas Deal List with a few investor friends to unlock the full list and see the best deals!
Houston Off-Market New Construction Duplex Portfolio | $399k–$405k Each
Asset Quality A | Neighborhood Quality B | Year Built 2026
$3,700 per month in projected rent gives each of these eight new-construction duplexes strong income at a realistic $395,000 purchase price. Each property offers two 3-bedroom units, roughly 2,600 total square feet, and parking for up to four vehicles, with inventory available on Laura Koppe Road, North Lane, and Mahalia Drive. Because these are off-market, we may be able to negotiate both the price and delivery of at least one occupied unit before closing, reducing lease-up risk from day one. These are rare new builds that can work as rentals without needing an aggressive appreciation bet.
7428 Laura Koppe Rd Houston 77028
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-Vic