Cash Cow 8-Plex $350k

2902 Lake Rd, Killeen

ROI

35.33% IRR

Strategy

Long Term Rental

8 unit building in a military town. 6 of 8 units are occupied. There are (3) tenants paying $600 and (3) tenants paying $625. All units are 1 bed 1 bath. Leases expire 12/31/24, 4/30/25, 12/31/24, 7/31/25, 1/31/25, 11/30/24. This is a premiere property for a DSCR loan. The units pictured are the vacant units and will need new paint and floors. Taxes $6428.

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Cash Cow 8-Plex $350k

Listed 10/03/2024

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2902 Lake Rd, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$1,510/mo

Cap Rate:11.16%

IRR:35.33%

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