Summary: 4 deals worth a hard look today: a proven legal 8-unit STR in Arlington, a near-1% DFW quad, a fully occupied San Marcos duplex, and a $350K Killeen fourplex.
Arlington Legal 8-Unit STR Averaging $228K/yr $1.495M
Turnkey 8-Unit | Arlington Entertainment District | 1972
$228K average annual gross revenue across five full years from an established legal STR operation in Arlington’s Entertainment District. This is not an unproven Airbnb conversion. Eight furnished units are already operating just a half mile from AT&T Stadium, with Globe Life Field, Texas Live, Six Flags and UT Arlington nearby. Keep running STRs, move units to mid-term or long-term rentals, or blend all three depending on demand. One of the best deals I’ve seen this year for someone wanting to step into commercial real estate with both proven STR income and an LTR exit path; reply with your approval letter or proof of funds and I’ll send the full buyer packet and 5 year operating history.
1006 Thannisch Dr Arlington TX 76011
Sale Price | $ 1,450,000 | Cap Rate | 8.28% |
Cash Needed | $ 377,000 | Cash on Cash | 9.41% |
Monthly | Annual | ||
Income | $ 19,057 | $ 228,685 | |
Mortgage | 6.75% | $ 7,054 | $ 84,642 |
Tax | $ 1,792 | $ 21,500 | |
Repairs | $ 381 | $ 4,574 | |
Insurance | $ 404 | $ 4,850 | |
Mgmt | $ 2,859 | $ 34,303 | |
Utilities | $ 1,300 | $ 15,600 | |
Landscape | $ 150 | $ 1,800 | |
Supplies | $ 200 | $ 2,400 | |
Cleaning | $ 1,200 | $ 14,400 | |
Misc Fees | $ 762 | $ 9,147 | |
NOI | $ 10,009 | $ 120,111 | |
Cashflow | $ 2,956 | $ 35,469 |
North Richland Hills Quad Near 1% Rule $545K
Updated Quad | Good Schools / Central DFW | 1983
$5,200/mo projected rent with two 1BRs at $1,250 and two 2BRs at $1,350, putting this around a 0.95% rent ratio at asking price. Three units have been updated and the roof was replaced in 2024, most of the work here is getting the remaining units leased. I like this because you’re buying four doors in the heart of DFW with good school ratings (5,6,7) and very close to the 1% rule. Great fit for someone wanting a long-term DFW hold in the heart of the metroplex.
7413 Bogart Dr North Richland Hills TX 76180
Sale Price | $ 545,000 | Cap Rate | 6.99% |
Cash Needed | $ 141,700 | Cash on Cash | 4.43% |
Monthly | Annual | ||
Income | $ 5,200 | $ 62,400 | |
Mortgage | 6.75% | $ 2,651 | $ 31,814 |
Tax | $ 908 | $ 10,900 | |
Insurance | $ 238 | $ 2,850 | |
Vacancy | $ 260 | $ 3,120 | |
Maintenance | $ 156 | $ 29,700 | |
Utilities | $ 25 | $ 300 | |
Management | $ 364 | $ 4,368 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,174 | $ 38,090 | |
Cashflow | $ 523 | $ 6,276 |
San Marcos Duplex by Texas State ~$450K
Turnkey Duplex | Austin–San Antonio Growth Corridor | 1999
$3,900/mo is already in place with both 3-bed units fully occupied through July 2027. I think we can land this around $450K, putting you minutes from Texas State University and its 40K+ students while sitting directly in the growth corridor between Austin and San Antonio. You get income from day one with two major metros and a major university driving demand around you. Ideal out-of-state purchase; reply and I’ll send the leases and comps.
862-864 Sagewood Trail San Marcos TX 78666
Killeen Quad Over 1% Rule $350K
1 of 4 Occupied | Killeen | 1997
$3,800/mo at $950 per unit against a $349,999 asking price puts this well over the 1% rule. All four units are the same 2BR/1.5BA layout, one is already filled at $950, and there are only three left to lease. These quads typically trade closer to $400K, so you’re buying approx $50k below FMV. Perfect portfolio-building deal for someone willing to handle a short lease-up period in exchange for high cash flow and walk in equity. Tons of comps available. Just ask and I can send lease and sale comp records.
4305 Shawn Dr Killeen TX 76542
Sale Price | $ 350,000 | Cap Rate | 8.17% |
Cash Needed | $ 91,000 | Cash on Cash | 8.99% |
Monthly | Annual | ||
Income | $ 3,800 | $ 45,600 | |
Mortgage | 6.75% | $ 1,703 | $ 20,431 |
Tax | $ 583 | $ 7,000 | |
Insurance | $ 188 | $ 2,250 | |
Vacancy | $ 190 | $ 2,280 | |
Maintenance | $ 114 | $ 29,700 | |
Utilities | $ - | $ - | |
Management | $ 266 | $ 3,192 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 2,384 | $ 28,610 | |
Cashflow | $ 682 | $ 8,179 |
UNFAIR ADVANTAGE FOR RENTAL INVESTORS»
NEW CONSTRUCTION. TENANT OCCUPIED.
Buy Turnkey Rentals Across DFW + Houston
Anderson Residential Communities is the Built-to-Rent development partner of The Texas Deal List, with new-construction rental homes across multiple master-planned communities in Texas.
✓ Tenants already in place
✓ New construction
✓ Property management already established
✓ Up to $40k in “flex cash” for rate buy down, closing rebate, or price drop
✓ Rates as low as 4.25%
✓ HouseHacker Eligible with 3-5% down
Considering an offer? Let’s talk next steps.
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512-270-3257