1) Houston New Construction Fourplex Near Major Employers | $670k »great deal»
Asset Quality A+ | Neighborhood Quality B | Year Built 2026
$6600 per month in long-term rent makes this one of the rare new construction quads that can pencil as a traditional rental. This is a brand-new Houston fourplex near the Medical Center, downtown, University of Houston, and major commuter routes, with two 2-bed, 2.5-bath units projected to lease for $1800 each and two 1-bed, 1.5-bath units projected at $1500 each. Unit C already leased at $1500 through June 1, 2027 after only 10 days on market, which gives an early proof point on demand. BONUS: multiple exit strategies exist. The deal will be a great MTR or STR play as well. This is one worth reviewing closely if you want new construction, employer proximity, and flexibility in one asset. Ask for the sale comps- new build quads here will trade for over $800k. This is a phenomenal deal.
4562 Teton St #A-D Houston 77051
Sale Price | $ 670,000 | Cap Rate | 7.01% |
Cash Needed | $ 174,200 | Cash on Cash | 4.52% |
Monthly | Annual | ||
Income | $ 6,600 | $ 79,200 | |
Mortgage | 6.75% | $ 3,259 | $ 39,110 |
Tax | $ 1,117 | $ 13,400 | |
Insurance | $ 424 | $ 5,092 | |
Repairs | $ 132 | $ 1,584 | |
Mgmt | $ 462 | $ 5,544 | |
Vacancy | $ 330 | $ 3,960 | |
Utilities | $ 120 | $ 1,440 | |
Lawn | $ 100 | $ 1,200 | |
HOA | $ - | $ - | |
NOI | $ 3,915 | $ 46,980 | |
Cashflow | $ 656 | $ 7,870 |
2) North Richland Hills Duplex With Premier Schools | $340k
Asset Quality B | Neighborhood Quality B+ | Year Built 1985
$3300 per month in projected gross rent gives this duplex a path toward the 1% rule in one of the better school corridors in the Metroplex. This is a full duplex in North Richland Hills with two 2-bed, 2-bath units, one side leased at $1450 and the other side vacant, with lease comps supporting up to $1650 per door. Birdville ISD is a major part of the story here, and finding a duplex at this entry price in a desirable school system is not something we see often. I would start with an offer around $340k. NOTE: great househacker play! location is great, and one side vacant for you to occupy and a tenant already in the other.
7316 Davis Blvd North Richland Hills 76182
Sale Price | $ 340,000 | Cap Rate | 6.49% |
Cash Needed | $ 88,400 | Cash on Cash | 2.50% |
Monthly | Annual | ||
Income | $ 3,200 | $ 38,400 | |
Mortgage | 6.75% | $ 1,654 | $ 19,847 |
Tax | $ 567 | $ 6,800 | |
Insurance | $ 215 | $ 2,584 | |
Repairs | $ 160 | $ 1,920 | |
Mgmt | $ 224 | $ 2,688 | |
Vacancy | $ 96 | $ 1,152 | |
Utilities | $ - | $ - | |
Lawn | $ 100 | $ 1,200 | |
HOA | $ - | $ - | |
NOI | $ 1,838 | $ 22,056 | |
Cashflow | $ 184 | $ 2,209 |
3) Killeen Quadplex With Good Cash Flow | $340k
Asset Quality C | Neighborhood Quality C | Year Built 1974
$3800 per month in projected income makes this a strong cash-flow play at a very low entry price for a fourplex. All 2-bed, 1.5-bath units, two vacant units, and two occupied units currently leased at $950 and $850, with market rent at $950 per door. Most comparable Killeen quads are trading closer to $425000, so this gives a buyer a chance to enter below typical pricing. This is one worth reviewing closely if you want a simple, high-income multifamily deal.
4204 Lake Road Killeen 76543
Sale Price | $ 340,000 | Cap Rate | 7.75% |
Cash Needed | $ 88,400 | Cash on Cash | 7.37% |
Monthly | Annual | ||
Income | $ 3,800 | $ 45,600 | |
Mortgage | 6.75% | $ 1,654 | $ 19,847 |
Tax | $ 567 | $ 6,800 | |
Insurance | $ 215 | $ 2,584 | |
Repairs | $ 190 | $ 2,280 | |
Mgmt | $ 266 | $ 3,192 | |
Vacancy | $ 190 | $ 2,280 | |
Utilities | $ 75 | $ 900 | |
Lawn | $ 100 | $ 1,200 | |
HOA | $ - | $ - | |
NOI | $ 2,197 | $ 26,364 | |
Cashflow | $ 543 | $ 6,517 |
4) DFW (Forney) Turnkey Single-Family Rental With No HOA | $230k
Asset Quality B | Neighborhood Quality B | Year Built 1985
$2050 per month in current rent gives this Forney SFR income from day one at one of the lowest entry prices in the DFW Metro. This is a 3-bed, 2-bath single-family home with no HOA, a tenant in place through April 30, 2027, and a practical layout for long-term rental demand. The no-HOA structure is rare in this area and makes the deal especially attractive for an investor who wants simple, turnkey ownership without lease-up risk. I think an offer at $230k is a great conversation starter with the seller.
324 Bowie St Forney 75126
Considering an offer? Let’s talk next steps.