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1% Rule 23-Unit Complex at Under $100k per Door

411 E Central Texas Expressway, Killeen
ROI
16.62% IRR
Strategy
Long Term Rental
1% Rule 23-unit complex at under $100k per door. All 1 bed units in Killeen next to Fort Cavazos, currently leased 30% below market rates. 3.5% cap rate at purchase. Stabilized at market rents will cashflow $2200/mo with $162k/yr NOI. Using a 5% exit cap, FMV is $3.24M.

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1% Rule 23-Unit Complex at Under $100k per Door

Listed 08/25/2023

411 E Central Texas Expressway, Killeen

Purchase Price:$2,100,000

Cash Outlay:$672,000

Cashflow:$2,203/mo

Cap Rate:7.57%

IRR:16.62%

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