4 Bed SFH Asking $64k Below Appraised Value with Recent $80k Renovation
2202 Grove Dr, Round Rock
ROI
18.57% IRR
Strategy
Long Term Rental
4 bed SFH asking $64k below appraised value with recent $80k renovation. $2410/mo rental rate covers PITI payment while walking into equity in an appreciating area. Off-market 1,667 sq ft 4 bed, 2 bath two story built in 1986. $80k full rehab completed in 2022. $2410/mo rent majority paid by Housing Authority of City of Austin, tenant since 2022 with lease expiring 11/30/23. Recently appraised for $413,743.
