FREE book: The Book on Texas Real Estate Investing — download now

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.

Enter your email to download the proforma

< Back to Daily Deals

4 Bed SFH Asking $64k Below Appraised Value with Recent $80k Renovation

Listed 12/05/2023

2202 Grove Dr, Round Rock

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$334/mo

Cap Rate:5.05%

IRR:18.57%

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 Hitting the 1% Rule | $400k

507 Oregon St, San Antonio

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$562/mo

Cap Rate:7.52%

IRR:19.00%

Long Term Rental

Houston Full Duplex Producing $3,750/mo in Katy ISD | $450k

5216 & 5218 Beaverbrook Dr, Houston

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$403/mo

Cap Rate:6.91%

IRR:16.04%

Long Term Rental

Dallas Proper Newer-Built Duplex Producing $5,700/mo | $700k

1654-1656 Hudspeth Ave, Dallas

Purchase Price:$700,000

Cash Outlay:$189,000

Cashflow:$678/mo

Cap Rate:7.00%

IRR:16.47%

Long Term Rental

San Antonio Off-Market Newer Single Family Rental $1,895/mo $209K

13923 Wool Park, San Antonio

Purchase Price:$209,000

Cash Outlay:$56,430

Cashflow:$203/mo

Cap Rate:7.00%

IRR:16.47%

Long Term Rental

Houston New Construction Rental $2,905 Rent $299K

10607 Crescent Peak Ct, Rosharon

Purchase Price:$299,000

Cash Outlay:$80,730

Cashflow:$502/mo

Cap Rate:7.00%

IRR:19.75%

Short Term Rental

Irving Proven STR With $115K 2026 Revenue $510K

1809 Salem St, Irving

Purchase Price:$510,000

Cash Outlay:$137,700

Cashflow:$879/mo

Cap Rate:7.91%

IRR:20.87%