SUMMARY: This off-market deal came in yesterday. Exactly what I want my STR buyers looking for: turnkey, proven income, favorable STR environment, major-market proximity, and priced meaningfully below FMV.
2024 Actual Gross Revenue: $115,078.50
May 2024 Through December 2024
Actual Gross Revenue: $115,078.50
(Straight-line annualized: $172k)
2025 Actual Gross Revneue: $176,388.03
Jan 2025 Through Dec 2025
(No annualizing needed)
2026 YTD: $120,885
Jan 2026 Through August 2026
(Straight-line annualized: $181k)
20122 Canterbury Ln Porter TX 77365 - $890k
At $890,000 the sale price is only 5x proven annual revenue, or roughly a 19.8% gross yield. Most proven STRs trade closer to 6–7x revenue. Even using the bottom of that range puts FMV over $1M.
Everything Conveys. All furniture, appliances, decor, housewares, etc etc.
The Airbnb is already live with 100+ reviews, 4.84 stars, 6 bedrooms, 5 baths, 5,000+ sqft, pool, hot tub, pickleball court, game room and guest house. It sits 15 minutes from IAH and 25 minutes from Downtown Houston.
The city is technically Porter, TX, so you avoid the heavier municipal restrictions, while still capturing Houston-area demand. No HOA.
Seller self-manages today with a cleaner + handyman, those resources will be shared with the buyer. Seller manages this successfully from Ohio.
This is the exact “STR loophole” deal I want our clients buying. Already operating, proven, and bought at the right basis.
Call or text me today and we’ll talk through an offer.
Sale Price | $ 890,000 | Cap Rate | 10.30% |
Cash Needed | $ 231,400 | Cash on Cash | 17.16% |
Monthly | Annual | ||
Income | $ 14,708 | $ 176,500 | |
Mortgage | 6.75% | $ 4,329 | $ 51,953 |
Tax | $ 1,483 | $ 17,800 | |
Repairs | $ 294 | $ 3,530 | |
Insurance | $ 323 | $ 3,875 | |
Mgmt | $ 2,206 | $ 26,475 | |
Utilities | $ 900 | $ 10,800 | |
Landscape | $ 150 | $ 1,800 | |
Supplies | $ 125 | $ 1,500 | |
Cleaning | $ 1,000 | $ 12,000 | |
Misc Fees | $ 588 | $ 7,060 | |
NOI | $ 7,638 | $ 91,660 | |
Cashflow | $ 3,309 | $ 39,707 |
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.
[email protected]
512-270-3257