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1% Rule Quadplex in Killeen

3808 Greengate Dr, Killeen
ROI
19.81% IRR
Strategy
Long Term Rental
Fourplex just outside Ft Hood hitting the 1% rule with an offer slightly below asking and new leases at market rents. All 2 bed, 1 bath units with Unit A currently leased long-term for $695/mo, Unit C is month-to-month for $795/mo, Units B & D are currently vacant.

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1% Rule Quadplex in Killeen

Listed 03/09/2023

3808 Greengate Dr, Killeen

Purchase Price:$320,000

Cash Outlay:$86,400

Cashflow:$251

Cap Rate:6.79%

IRR:19.81%

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