🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

20-Plex Exceeding The 1% Rule $1.4M *Excellent Cashflow Deal*

208 N Church St, Hillsboro
ROI
32.41% IRR
Strategy
Long Term Rental
Asking is $1.6M. Seller will take $1.4M. Current rental income is $17,745 per month. New HVAC and roof in 2021. Each unit is a 2 bd 1 bth and leases for $850 - $975 per month. Tenants pay utilities. This is a text-book value-add deal. Renovate units slowly over time as tenants vacate and bump lower rents up to the market rate of $1000 per door. Management company is already in place and will stay with the sale, they charge 7%. Taxes $9890 Insurance 11348. *NOTE* click the link below for rent roll and t12. One of the best cashflow deals of the year. No seller financing.

Enter your email to download the proforma

< Back to Daily Deals

20-Plex Exceeding The 1% Rule $1.4M *Excellent Cashflow Deal*

Listed 08/19/2024

208 N Church St, Hillsboro

Purchase Price:$1,400,000

Cash Outlay:$378,000

Cashflow:$5,085/mo

Cap Rate:11.27%

IRR:32.41%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

San Antonio Quadplex w/ $60k Price Drop $450k

503 E Southcross Blvd, San Antonio

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$1080/mo

Cap Rate:8.71%

IRR:24.37%

Long Term Rental

DFW Cashflowing Long Term Rental Quadplex $725k

764 E Pecan St, Hurst

Purchase Price:$725,000

Cash Outlay:$195,750

Cashflow:$85/mo

Cap Rate:7.25%

IRR:17.50%

Mid Term Rental

Dallas Mid Term Rental Quadplex $900k

5309 E Side Ave, Dallas

Purchase Price:$900,000

Cash Outlay:$243,000

Cashflow:$1,490/mo

Cap Rate:7.82%

IRR:20.17%

Short Term Rental

Houston 4 Bed + Pool SFR $260k

7062 Windy Pines Dr, Spring

Purchase Price:$255,000

Cash Outlay:$68,850

Cashflow:$176/mo

Cap Rate:6.63%

IRR:14.72%

Long Term Rental

Houston Single Family Rental $270k

1903 Ryansbrook Ln, Spring

Purchase Price:$270,000

Cash Outlay:$72,900

Cashflow:$83/mo

Cap Rate:5.47%

IRR:11.83%

Long Term Rental

DFW Cashflowing Duplex $290k

2316 Meadow Ln, Mesquite

Purchase Price:$290,000

Cash Outlay:$78,300

Cashflow:$145/mo

Cap Rate:6.43%

IRR:13.65%