Houston/Cypress Quadplex With Rare Cash Flow - $600k
B+ Asset | B+ Neighborhood | 1998 Build
$5,300/month in-place rent from four occupied units in a hard-to-find Houston/Cypress pocket. This is a 1998-built fourplex with two 3-bed units renting for $1,400/month and two 2-bed units renting for $1,250/month. Multifamily that actually pencils in this area is rare, and tenants pay their own utilities and maintain rear lawns, which helps reduce owner headache. This was previously listed at $595,000, so I would start around $588,000 and see if we can get a conversation going.
Link» 10007 Emerald Creek Dr Houston 77070

Sale Price

$ 600,000

Cap Rate

6.31%

Cash Needed

$ 156,000

Cash on Cash

1.83%

Monthly

Annual

Income

$ 5,300

$ 63,600

Mortgage

6.75%

$ 2,919

$ 35,024

Tax

$ 1,000

$ 12,000

Insurance

$ 380

$ 4,560

Repairs

$ 159

$ 1,908

Mgmt

$ 371

$ 4,452

Vacancy

$ 159

$ 1,908

Utilities

$ -

$ -

Lawn

$ 75

$ 900

HOA

$ -

$ -

NOI

$ 3,156

$ 37,872

Cashflow

$ 237

$ 2,848

Westworth Village STR Near TCU, Dickies, and Stockyards - $425k
A- Asset | A- Neighborhood | 1954 Build
$112,000/year in estimated gross revenue based on a $383 average daily rate and 80% occupancy. This is a fully renovated, furnished 3-bed, 2-bath STR in Westworth Village, giving you Fort Worth demand near TCU, Dickies Arena, the Stockyards, Camp Bowie, and downtown while staying in a market where short-term rentals are permissible. Nearly 300 reviews across Airbnb and VRBO give this one a proven operating history, and there is easily increased with a cowboy pool, hot tub, and backyard improvements. Verified STR revenue is still pending, but I would move quickly and consider offering around $425,000 given the amount of attention the listing is receiving.
Link» 5881 Tracyne Dr Westworth Village 76114

Sale Price

$ 425,000

Cap Rate

11.65%

Cash Needed

$ 110,500

Cash on Cash

22.35%

Monthly

Annual

Income

$ 9,333

$ 112,000

Mortgage

6.75%

$ 2,067

$ 24,809

Tax

$ 708

$ 8,500

Repairs

$ 280

$ 3,360

Insurance

$ 269

$ 3,230

Mgmt

$ 1,400

$ 16,800

Utilities

$ 750

$ 9,000

Landscape

$ 100

$ 1,200

Supplies

$ 100

$ 1,200

Cleaning

$ 800

$ 9,600

HOT Fee

$ 653

$ 7,840

NOI

$ 4,126

$ 49,510

Cashflow

$ 2,058

$ 24,701

Rosharon 1% Rule SFR With $2,905/Month Rent - $299k
A Asset | A Neighborhood | 2023 Build
$2,905/month in-place rent on a 2023-built single-family rental priced at $299,000. This is a 3-bed, 2-bath, 1,615 sqft Houston-area home with a tenant in place through December 31, 2026, and the tenant has already expressed interest in renewing. It is hard to find a better long-term rental with this combination of rent, price, condition, lease length, and location quality. Buyer concessions are available, so inquire for details if you want to review the full package.
Link» 10607 Crescent Peak Ct Rosharon 77583

Sale Price

$ 299,000

Cap Rate

7.08%

Cash Needed

$ 77,740

Cash on Cash

8.04%

Monthly

Annual

Income

$ 2,905

$ 34,860

Mortgage (IO)

6.65%

$ 1,243

$ 14,916

Tax

$ 731

$ 8,772

Insurance

$ 177

$ 2,125

Repairs

$ 135

$ 1,620

HOA

$ 98

$ 1,176

NOI

$ 1,764

$ 21,167

Cashflow

$ 521

$ 6,251

Houston 2021 Duplex With $2,498/Month Rent - $225k
B Asset | B- Neighborhood | 2021 Build
$2,498/month in-place rent on a newer duplex priced at only $225,000. Both sides are 3-bed, 2-bath units, with Unit A renting for $1,205 through November 2026 and Unit B renting for $1,293 through February 2027. This gives you a newer-build duplex with no lease-up risk and a price point that is very hard to find in Houston. This is one worth reviewing if you want low entry price, in-place income, and longer leases.
Link» 5626 Simsdale St Houston 77033

Sale Price

$ 225,000

Cap Rate

8.43%

Cash Needed

$ 58,500

Cash on Cash

9.97%

Monthly

Annual

Income

$ 2,498

$ 29,976

Mortgage

6.75%

$ 1,095

$ 13,134

Tax

$ 375

$ 4,500

Insurance

$ 143

$ 1,710

Repairs

$ 75

$ 899

Mgmt

$ 175

$ 2,098

Vacancy

$ 75

$ 899

Utilities

$ -

$ -

Lawn

$ 75

$ 900

HOA

$ -

$ -

NOI

$ 1,581

$ 18,969

Cashflow

$ 486

$ 5,835

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