1% Rule Duplex with a Motivated Seller and $55k Price Drop

1841 Ojeman Rd, Houston

ROI

21.34% IRR

Strategy

Long Term Rental

1% Rule duplex with a motivated seller and $55k price drop. 2 bed units with one vacant and one leased for $1925/mo. Good opportunity to make a strong offer with seller-paid closing costs and rate buydown. Ideal for a househack or cashflow investment. 2,378 sq ft single story duplex built in 1982. Each unit has 2 beds, 2 baths, 2 designated parking spots, and a private backyard. One unit is occupied for $1925/mo. Second unit is vacant and move in ready.

Enter your email to download the proforma

< Back to Daily Deals

1% Rule Duplex with a Motivated Seller and $55k Price Drop

Listed 11/28/2023

Download the report Talk to an agent

1841 Ojeman Rd, Houston

Purchase Price:$395,000

Cash Outlay:$106,650

Cashflow:$397/mo

Cap Rate:7.05%

IRR:21.34%

Talk to an agent about this property

Get a response in less than 24 hours.

Message

See other properties

Long Term Rental

Killeen Quadplex With Good Cash Flow | $340k

4204 Lake Rd, Killeen

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$543/mo

Cap Rate:7.75%

IRR:20.12%

Long Term Rental

North Richland Hills Duplex With Premier Schools | $340k

7316 Davis Blvd, North Richland Hills

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$184/mo

Cap Rate:6.49%

IRR:13.99%

Mid Term Rental

Houston New Construction Fourplex Near Major Employers | $670k

4562 Teton St Unit A-D, Houston

Purchase Price:$670,000

Cash Outlay:$180,900

Cashflow:$656/mo

Cap Rate:7.01%

IRR:16.53%

Long Term Rental

DFW Modern 4-Bed Retreat with Community Amenities | 285K

2928 Shoemaker Dr, Royse City

Purchase Price:$285000

Cash Outlay:$76,950

Cashflow:$391/mo

Cap Rate:7.04%

IRR:18.37%

Long Term Rental

San Antonio Two Homes on One Lot Near Lackland | $245k

1412 Whitman Ave, San Antonio

Purchase Price:$245,000

Cash Outlay:$66,150

Cashflow:$536/mo

Cap Rate:8.46%

IRR:23.55%

Long Term Rental

San Marcos Fully Occupied Quadplex | $500k

801 Bracewood Cir, San Marcos

Purchase Price:$500,000

Cash Outlay:$135,000

Cashflow:$548/mo

Cap Rate:7.15%

IRR:17.21%