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Active Airbnb Triplex in Arts District with Strong Short-and Long-Term Rent Cashflow

1606 Ovid St, Houston
ROI
22.60% IRR
Strategy
Short Term Rental
Active Airbnb triplex in Arts District with strong short- and long-term rent cashflow. Turnkey condition with two detached 1 bed units and one 3 bed, 3 bath unit. Triplex built in 1922 with one 3 bed, 3 bath unit and two detached 1 bed, 1 bath units. All are currently active on Airbnb and have strong long-term rental potential as well. Fully updated units including modern, neutral finishes, granite counters, new HVAC.

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Active Airbnb Triplex in Arts District with Strong Short-and Long-Term Rent Cashflow

Listed 07/13/2023

1606 Ovid St, Houston

Purchase Price:$585,000

Cash Outlay:$157,950

Cashflow:$752/mo

Cap Rate:7.38%

IRR:22.60%

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