SUMMARY: 8-unit short-term rental complex that still hits the 1% rule as a long-term rental, plus a fully leased Mansfield quad in one of the most desirable school districts and most resilient local economies in Texas. We also have a heavily discounted 2024-built Houston duplex hitting above the 1% rule and a 2020-built Dallas rental with $45,000 in walk-in equity.
1) Baytown 8-Unit Projecting $13,200/mo $1.35M
Asset Quality B+ | Neighborhood Quality B | Year Built 2011
At $1,650 per door, these eight 3/2 units project $13,200/month as long-term rentals, and I think we can land the property around $1.35M versus the $1.4M ask. Baytown is anchored by employers including ExxonMobil, Chevron Phillips and Covestro. All eight units are separately metered for water and electric, all furnishings convey, and there is already a completed slab with a permit pulled for another building to be constructed. Ideal for an investor ready to scale. The property is currently ran as (8) independent short term rentals. ADR $128 and 75% occupancy puts gross top line revenue around $280k annually. This is an EXCEPTIONAL deal for investors looking to offset taxes and take advantage of REP status. High yield as a STR or LTR play with further development potential in a tenant-rich market. Excellent deal.
2013 Ellis School Rd Baytown TX 77521
Sale Price | $ 1,350,000 | Cap Rate | 7.68% |
Cash Needed | $ 351,000 | Cash on Cash | 7.09% |
Monthly | Annual | ||
Income | $ 13,200 | $ 158,400 | |
Mortgage | 6.75% | $ 6,567 | $ 78,805 |
Tax | $ 2,025 | $ 24,300 | |
Insurance | $ 743 | $ 8,910 | |
Vacancy | $ 660 | $ 7,920 | |
Repairs | $ 264 | $ 3,168 | |
Utilities | $ - | $ - | |
Management | $ 792 | $ 9,504 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 8,642 | $ 103,698 | |
Cashflow | $ 2,074 | $ 24,893 |
2) Mansfield Fully Leased Quad $4,690/mo $540K
Asset Quality B | Neighborhood Quality B+ | Year Built 1985
This quad is already producing $4,690/month, with an easy route to $5,000/month as the remaining leases move toward $1,250 per door. Three of the four 2/1 units were remodeled within the last three years, the roof was replaced in 2018, and all four units are occupied. Mansfield combines strong schools with major employers like Mouser Electronics, Methodist Mansfield and Klein Tools, which is why I like this as a long-term appreciation play that pays for itself along the way. Great buy-and-hold option; reply and I’ll send the current rent roll. Mansfield multis always move fast. Please reach out asap if interested. Asking is $550k but I think we have a bit of wiggle room.
320 Queens Court N Mansfield TX 76063
Sale Price | $ 540,000 | Cap Rate | 7.04% |
Cash Needed | $ 140,400 | Cash on Cash | 4.63% |
Monthly | Annual | ||
Income | $ 5,000 | $ 60,000 | |
Mortgage | 6.75% | $ 2,627 | $ 31,522 |
Tax | $ 810 | $ 9,720 | |
Insurance | $ 297 | $ 3,564 | |
Vacancy | $ 250 | $ 3,000 | |
Repairs | $ 100 | $ 1,200 | |
Utilities | $ - | $ - | |
Management | $ 300 | $ 3,600 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,168 | $ 38,016 | |
Cashflow | $ 541 | $ 6,494 |
3) Houston 2024 Duplex Producing $3,550/mo $353K
Asset Quality B | Neighborhood Quality B | Year Built 2024
This newer duplex is producing $3,550/month with both 3/2 units leased into early 2027. There is no deferred maintenance, and it was built by a developer we’ve closed several deals with before and had consistently good experiences with. Northeast Houston also benefits from major healthcare and industrial employment, with LBJ Hospital nearby and Eli Lilly building a $6.5 billion pharmaceutical manufacturing campus at Generation Park. Perfect first or second duplex. Over 4000 construction jobs for the next 3 years from the eli lilly development alone. Great low vacancy, high cash flow, no maintenance deal!
6305 Sandra St Houston TX 77028
Sale Price | $ 353,000 | Cap Rate | 8.19% |
Cash Needed | $ 91,780 | Cash on Cash | 9.04% |
Monthly | Annual | ||
Income | $ 3,550 | $ 42,600 | |
Mortgage | 6.75% | $ 1,717 | $ 20,606 |
Tax | $ 588 | $ 7,060 | |
Insurance | $ 194 | $ 2,330 | |
Vacancy | $ - | $ - | |
Repairs | $ 71 | $ 852 | |
Utilities | $ - | $ - | |
Management | $ 213 | $ 2,556 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 2,409 | $ 28,902 | |
Cashflow | $ 691 | $ 8,296 |
4) Dallas SFR Producing $2,325/mo $230K
Asset Quality B+ | Neighborhood Quality B | Year Built 2020
$2,325/month in rent on a $230,000 purchase price. No brainer deal especially when you look at nearby sale comps which place the value at or above $275k today. The tenant pays utilities and lawn care, so this is a low-friction rental with $45,000 of walk-in equity from day one. South Dallas gives you access to a large employment base including Methodist Health System, the VA, UNT Dallas and major logistics employers. Perfect first investment. Low barrier to entry. Turnkey. Tenant occupied. Cash flowing.
3807 Alsbury St Dallas TX 75216
Considering an offer? Let’s talk next steps.
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512-270-3257