SUMMARY: rare 8-unit Arlington STR discounted to $1.3M with proven $228K/year revenue, a $575K Irving quad built for house hacking and rent growth, and a $240K San Marcos duplex near Texas State that can hit the 1% rule.
1) Arlington 8-Unit STR Averages $228K/yr $1.3M »unicorn deal»
Turnkey | Arlington Entertainment District | 1972 build
Premiere location. Fully permitted. 8-unit STR that averaged $228,685 in annual gross revenue from 2021–2025. The price is about to reduce from 1.5M down to $1.3M. An AWESOME value for 5+ years of consistent STR performance. All eight units are furnished, currently permitted for STR use, directly across from Cowboys Blue Lot 15, and the major exterior work is already done. This is a rare chance to buy a proven operating STR business in Arlington’s Entertainment District before the public sees the price reduction. The Cowboys recently committed at least $750M to AT&T Stadium improvements under a lease extension through 2055, reinforcing long-term visitor demand directly across the street. One untapped revenue source is game-day parking sales. The lot across the street charges $40 per car. open your lot to parking and charge $30 / car x 20 slots per weekend for added revenue (not reflected below). Further- I highly suggest self-managing. You’ll save $3k per month and have greater control over variable expenses. My team can help you implement that management ecosystem of handymen, cleaners, and software.
1006 Thannisch Dr Arlington TX 76011
Sale Price | $ 1,300,000 | Cap Rate | 7.97% |
Cash Needed | $ 338,000 | Cash on Cash | 8.18% |
Monthly | Annual | ||
Income | $ 19,057 | $ 228,685 | |
Mortgage | 6.75% | $ 6,324 | $ 75,886 |
Tax | $ 1,830 | $ 21,956 | |
Repairs | $ 381 | $ 4,574 | |
Insurance | $ 438 | $ 5,250 | |
Mgmt | $ 2,859 | $ 34,303 | |
Utilities | $ 1,292 | $ 15,500 | |
Landscape | $ 313 | $ 3,750 | |
Supplies | $ 150 | $ 1,800 | |
Cleaning | $ 2,500 | $ 30,000 | |
Misc Fees | $ 667 | $ 8,004 | |
NOI | $ 8,629 | $ 103,549 | |
Cashflow | $ 2,305 | $ 27,663 |
2) DFW (Irving) Quadplex House Hack $5,400/mo Potential $575K
Value-Add | Mid-Cities DFW | 1965 build
$5,400/month is the rent target at $1,350 per door on a quad I think you can buy around $575K. Two units are vacant today, so you can move into one and improve the other without disturbing the existing tenants. For a beginner investor, this gives you a house-hack setup with room to renovate, raise rents, and force equity over time. Wells Fargo’s new $570M Las Colinas campus bringing another 4,500 employees to Irving, adding another major affluent young professional employment base nearby.
208 Alpine Ct Irving TX 75060
Sale Price | $ 575,000 | Cap Rate | 6.74% |
Cash Needed | $ 149,500 | Cash on Cash | 3.49% |
Monthly | Annual | ||
Income | $ 5,400 | $ 64,800 | |
Mortgage | 6.75% | $ 2,797 | $ 33,565 |
Tax | $ 958 | $ 11,500 | |
Insurance | $ 271 | $ 3,250 | |
Vacancy | $ 270 | $ 3,240 | |
Maintenance | $ 216 | $ 29,700 | |
Utilities | $ - | $ - | |
Management | $ 378 | $ 4,536 | |
Lawn Care | $75.00 | $ 900 | |
HOA | 0 | $ - | |
NOI | $ 3,232 | $ 38,782 | |
Cashflow | $ 435 | $ 5,217 |
3) San Marcos Starter Duplex Near Texas State University $240K
Value-Add | Texas State / San Marcos | 1982 build
Low entry price duplex near Texas State with one side already leased at $1,200/month through July 2027. The other side is vacant, and the property has a new roof, 2025 electrical updates, in-unit laundry, and only minor work needed. This is a classic first investment: live in one side or lease both and work toward the 1% rule while forcing equity over time. Texas State reached a record 47,513 students in Fall 2026 while the university has nearly $1B of active construction underway across its nearby campuses. This deal is straight out of a 2012 biggerpockets podcast episode.
612 Mill St San Marcos TX 78666
Sale Price | $ 240,000 | Cap Rate | 6.48% |
Cash Needed | $ 62,400 | Cash on Cash | 2.46% |
Monthly | Annual | ||
Income | $ 2,400 | $ 28,800 | |
Mortgage | 6.75% | $ 1,167 | $ 14,010 |
Tax | $ 400 | $ 4,800 | |
Insurance | $ 271 | $ 3,250 | |
Vacancy | $ 120 | $ 1,440 | |
Maintenance | $ 96 | $ 29,700 | |
Utilities | $ - | $ - | |
Management | $ 168 | $ 2,016 | |
Lawn Care | $50.00 | $ 600 | |
HOA | 0 | $ - | |
NOI | $ 1,295 | $ 15,542 | |
Cashflow | $ 128 | $ 1,532 |
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