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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.

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

Listed 11/28/2023

1841 Ojeman Rd, Houston

Purchase Price:$395,000

Cash Outlay:$106,650

Cashflow:$397/mo

Cap Rate:7.05%

IRR:21.34%

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