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2007 Built Duplex Close to Medical District and Univ of Houston

4656 Phlox St, Houston
ROI
21.74% IRR
Strategy
Mid Term Rental
2007 built duplex close to medical district and Univ of Houston. 3 beds, 2 baths per side. One unit occupied with a long-term tenant; other side is vacant. Furnished mid-term rents are $2600-2800/mo. Two story duplex built in 2007. 3,648 total sq ft. Each unit has 3 beds, 2 baths, and a 1 car garage. Unit B is tenant-occupied, Unit A is vacant.

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2007 Built Duplex Close to Medical District and Univ of Houston

Listed 01/17/2024

4656 Phlox St, Houston

Purchase Price:$385,000

Cash Outlay:$123,950

Cashflow:$719/mo

Cap Rate:7.68%

IRR:21.74%

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