Pretty cool list today! The San Antonio quad has a dozen ways to operate it, the Denison quad looks negotiable in a market with very little fourplex inventory, and I honestly didn’t think $130,000 turnkey rentals still existed. It feels like the kind of simple, affordable cash-flow deal you read about in real estate books from the ’80s.
San Antonio Fourplex With Path to $9,650/mo $720K
Asset Quality B | Neighborhood Quality B | Year Built 2020
$4,050/month is already in place from five tenants, with seven vacant bedrooms still available to lease. Renting Units 1 and 3 traditionally and filling the remaining room brings projected income to $7,550/month, while the full room-rental strategy projects $9,650/month. These are two newer duplexes (2020 build!) with four identical 3-bedroom, 2-bath units. Located less than a mile from The River Walk. Ideal for a house hacker or investor looking for multiple leasing strategies.
1535 W Laurel San Antonio TX 78201
Sale Price | $ 720,000 | Cap Rate | 7.39% |
Cash Needed | $ 187,200 | Cash on Cash | 5.99% |
Monthly | Annual | ||
Income | $ 7,550 | $ 90,600 | |
Mortgage | 6.75% | $ 3,502 | $ 42,029 |
Tax | $ 1,200 | $ 14,400 | |
Insurance | $ 456 | $ 5,472 | |
Vacancy | $ 378 | $ 4,530 | |
Repairs | $ 227 | $ 2,718 | |
Utilities | $ 250 | $ 3,000 | |
Management | $ 529 | $ 6,342 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 4,437 | $ 53,238 | |
Cashflow | $ 934 | $ 11,209 |
Denison Fully Occupied Quad Producing $4,175/mo $385K
Asset Quality B | Neighborhood Quality B | Year Built 1950
$4,175/month is already in place across four occupied 2-bedroom units. Three tenants are on long term leases through 2027, and the fourth is a month-to-month tenant paying $1,275 who has been living there for several years. Brick construction, slab foundation, granite counters, and LVP flooring help keep this simple to operate.
120 E Monterey St Denison TX 75021
Sale Price | $ 385,000 | Cap Rate | 7.60% |
Cash Needed | $ 100,100 | Cash on Cash | 6.78% |
Monthly | Annual | ||
Income | $ 4,175 | $ 50,100 | |
Mortgage | 6.75% | $ 1,873 | $ 22,474 |
Tax | $ 642 | $ 7,700 | |
Insurance | $ 244 | $ 2,926 | |
Vacancy | $ 209 | $ 2,505 | |
Repairs | $ 125 | $ 1,503 | |
Utilities | $ 150 | $ 1,800 | |
Management | $ 292 | $ 3,507 | |
Lawn Care | 75 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 2,438 | $ 29,259 | |
Cashflow | $ 565 | $ 6,785 |
Houston Turnkey Rental Above 1% Rule $130K
Asset Quality C+ | Neighborhood Quality C+ | Year Built 1940
$1,600/month in projected rent puts this well above the 1% rule at a $130,000 purchase price. The home was renovated two years ago and can have a tenant placed before closing. Turnkey rentals nearby average $105 per square foot, supporting an estimated $150,000 market value and roughly $20,000 in built-in equity. Perfect first investment. Easily the lowest entry price we’ve seen in years for a turnkey rental.
5818 Glenhurst Dr Houston TX 77033
Sale Price | $ 130,000 | Cap Rate | 9.79% |
Cash Needed | $ 33,800 | Cash on Cash | 15.22% |
Monthly | Annual | ||
Income | $ 1,600 | $ 19,200 | |
Mortgage | 6.75% | $ 632 | $ 7,589 |
Tax | $ 217 | $ 2,600 | |
Insurance | $ 82 | $ 988 | |
Vacancy | $ 80 | $ 960 | |
Repairs | $ 48 | $ 576 | |
Utilities | $ - | $ - | |
Management | $ 112 | $ 1,344 | |
Lawn Care | 0 | $ - | |
HOA | 0 | $ - | |
NOI | $ 1,061 | $ 12,732 | |
Cashflow | $ 429 | $ 5,143 |
Considering an offer? Let’s talk next steps.
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