Arlington 8-Unit $9,350/mo LTR and STR Eligible Near ATT Stadium $919K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1977
$6,875 current rent with two units vacant and $9,350/mo projected once remaining units filled, giving you immediate cash flow plus lease up and short term rental potential in Arlington’s entertainment district. All units are 2 bed 1 bath with several already renovated and positioned for STR use. Located next to AT&T Stadium and Globe Life Field, demand here is extremely strong for both long and short term tenants. REO pricing at $919,000 versus a $1.225M tax value creates strong entry, and I think this is one of the more interesting hybrid STR multifamily plays in DFW right now. The proforma below reflects use as a traditional LTR deal. STR units in this area will pull $2500 - $3500 per month per unit depending on the season. 
Listing Link 111 E Rogers

Sale Price:

$ 919,000

Cap Rate

8.16%

Cash Needed (25% down + cc)

$ 238,940

Cash on Cash

8.95%

P&L

Monthly

Annual

Projected Income

$ 9,350

$ 112,200

Mortgage PMT (6.75% Int)

$ 4,470

$ 53,646

Taxes

$ 1,532

$ 18,380

Insurance

$ 582

$ 6,984

Vacancy Reserve

$ 234

$ 2,805

Operating Expenses (Maintenance Management Utilities Landscaping HOA)

$ 750

$ 9,000

NOI (Income less Taxes, Insurance, Vacancy, OpEx)

$ 6,253

$ 75,031

Cashflow

$ 1,782

$ 21,385

Austin Metro Quadplex $5,400/mo Exceeds 1% Rule $500K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1985
$5,325 current rent with one unit leased as a STR or used by the owner on occasion, putting this above the 1% rule just 25 minutes from Austin. 1985 build with PVC plumbing, copper wiring, and separate meters helps control expenses, while updated interiors keep tenant demand high. Lago Vista has limited multifamily supply, which supports long term occupancy. Seller is willing to take $500,000. We have multiple inspection reports and more images available. Deals like this near Austin are very rare.
Listing Link 20700 Bonanza

Sale Price:

$ 500,000

Cap Rate

8.32%

Cash Needed (25% down + cc)

$ 130,000

Cash on Cash

9.53%

P&L

Monthly

Annual

Projected Income

$ 5,400

$ 64,800

Mortgage PMT (6.75% Int)

$ 2,432

$ 29,187

Taxes

$ 833

$ 10,000

Insurance

$ 317

$ 3,800

Vacancy Reserve

$ 135

$ 1,620

Operating Expenses (Maintenance Management Utilities Landscaping HOA)

$ 650

$ 7,800

NOI (Income less Taxes, Insurance, Vacancy, OpEx)

$ 3,465

$ 41,580

Cashflow

$ 1,033

$ 12,393

Waco New Construction Duplex $3,500/mo Near Baylor $395K
Asset Quality: A | Neighborhood Quality: B | Year Built: 2026
$3,400 to $3,600 projected rent with comps supporting $1,700 to $1,800 per door, putting this near the 1% rule with brand new construction near Baylor. Both units are 3 bed 2.5 bath with modern finishes and full appliance packages, making lease up straightforward with minimal upfront work. Delivered vacant and timed for peak leasing season (assuming we close a week or two before Memorial Day), which helps you get to stabilized income quickly. New construction here has been trading below ask, and I think this gets done around $385,000.
Listing Link 1536 Alexander

Sale Price:

$ 385,000

Cap Rate

6.32%

Cash Needed (25% down + cc)

$ 100,100

Cash on Cash

1.85%

P&L

Monthly

Annual

Projected Income

$ 3,500

$ 42,000

Mortgage PMT (6.75% Int)

$ 1,873

$ 22,474

Taxes

$ 642

$ 7,700

Insurance

$ 244

$ 2,926

Vacancy Reserve

$ 88

$ 1,050

Operating Expenses (Maintenance Management Utilities Landscaping HOA)

$ 500

$ 6,000

NOI (Income less Taxes, Insurance, Vacancy, OpEx)

$ 2,027

$ 24,324

Cashflow

$ 154

$ 1,850

Houston Duplex $2,900/mo High Cash Flow Near Sugar Land $249K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1983
$1,495 current rent with the second unit previously leasing between $1,425 and $1,500, putting stabilized income around $2,900 per month. Both units are 3 bed 2 bath with a new roof in 2022, helping limit near term expenses. One unit is vacant and ready to lease or occupy, giving you immediate income. Located near Sugar Land and Missouri City with very high tenant demand. Property sits in the 500 year flood plain with insurance around $3,900 annually, but it still performs well at this price point and high income level.
Listing Link 11217 Pender

Sale Price:

$ 249,000

Cap Rate

7.65%

Cash Needed (25% down + cc)

$ 64,740

Cash on Cash

6.97%

P&L

Monthly

Annual

Projected Income

$ 2,900

$ 34,800

Mortgage PMT (6.75% Int)

$ 1,211

$ 14,535

Taxes

$ 415

$ 4,980

Insurance

$ 325

$ 3,900

Vacancy Reserve

$ 73

$ 870

Operating Expenses (Maintenance Management Utilities Landscaping HOA)

$ 500

$ 6,000

NOI (Income less Taxes, Insurance, Vacancy, OpEx)

$ 1,588

$ 19,050

Cashflow

$ 376

$ 4,515

San Antonio SFR + Guest Unit $2,350/mo House Hack or LTR Deal $200K
Asset Quality: B | Neighborhood Quality: B | Year Built: 1970
$900 rent from the studio plus $1,400 to $1,500 market rent on the main house puts you around $2,350 stabilized. The guest unit has a private entrance and proven rent, while the main house can be leased or owner occupied. Large lot with no HOA gives room to expand or add additional income over time. Needs light TLC but priced accordingly, and I think this is one of the simplest ways to get into a multi unit setup in San Antonio at a low basis.
Listing Link 4310 Avenida

Sale Price:

$ 200,000

Cap Rate

7.69%

Cash Needed (25% down + cc)

$ 52,000

Cash on Cash

7.12%

P&L

Monthly

Annual

Projected Income

$ 2,350

$ 28,200

Mortgage PMT (6.75% Int)

$ 973

$ 11,675

Taxes

$ 333

$ 4,000

Insurance

$ 127

$ 1,520

Vacancy Reserve

$ 59

$ 705

Operating Expenses (Maintenance Management Utilities Landscaping HOA)

$ 550

$ 6,600

NOI (Income less Taxes, Insurance, Vacancy, OpEx)

$ 1,281

$ 15,375

Cashflow

$ 308

$ 3,700

Thank you for taking a few minutes to review the deals!

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-Vic

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