1% Rule SFH + ADU in South Houston

1108 Palestine St, South Houston

ROI

19.85% IRR

Strategy

Long Term Rental

1% Rule SFH + ADU. 3 bed main house built in 1950, 2 bed ADU built in 2020. Market rents are $1500 & $1800/mo. Convenient location along I-45, 15 minutes from downtown Houston, major oil refineries, & NASA center.

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1% Rule SFH + ADU in South Houston

Listed 04/15/2024

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1108 Palestine St, South Houston

Purchase Price:$325,000

Cash Outlay:$87,750

Cashflow:$213/mo

Cap Rate:6.79%

IRR:19.85%

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