🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

Cash Cow Section 8 Duplex in Houston $409k

7816 Gladstone St, Houston
ROI
27.99% IRR
Strategy
Long Term Rental
2007 build for minimal maintenance. Each unit is large with 4 bedrooms and 2 baths in each. It’s a prime setup for a Section 8 housing play. Tier D 4-bedroom units in 77051 are approved for up to $2400 per month per unit by the Houston housing authority. Current tenants are market-rate tenants paying $1695 and $1550. Both current tenants are on month-to-month leases. Taxes 7898.

Enter your email to download the proforma

< Back to Daily Deals

Cash Cow Section 8 Duplex in Houston $409k

Listed 07/16/2024

7816 Gladstone St, Houston

Purchase Price:$409,000

Cash Outlay:$110,430

Cashflow:$1,061/mo

Cap Rate:11.46%

IRR:27.99%

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 w/ $60k Price Drop $450k

503 E Southcross Blvd, San Antonio

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$1080/mo

Cap Rate:8.71%

IRR:24.37%

Long Term Rental

DFW Cashflowing Long Term Rental Quadplex $725k

764 E Pecan St, Hurst

Purchase Price:$725,000

Cash Outlay:$195,750

Cashflow:$85/mo

Cap Rate:7.25%

IRR:17.50%

Mid Term Rental

Dallas Mid Term Rental Quadplex $900k

5309 E Side Ave, Dallas

Purchase Price:$900,000

Cash Outlay:$243,000

Cashflow:$1,490/mo

Cap Rate:7.82%

IRR:20.17%

Short Term Rental

Houston 4 Bed + Pool SFR $260k

7062 Windy Pines Dr, Spring

Purchase Price:$255,000

Cash Outlay:$68,850

Cashflow:$176/mo

Cap Rate:6.63%

IRR:14.72%

Long Term Rental

Houston Single Family Rental $270k

1903 Ryansbrook Ln, Spring

Purchase Price:$270,000

Cash Outlay:$72,900

Cashflow:$83/mo

Cap Rate:5.47%

IRR:11.83%

Long Term Rental

DFW Cashflowing Duplex $290k

2316 Meadow Ln, Mesquite

Purchase Price:$290,000

Cash Outlay:$78,300

Cashflow:$145/mo

Cap Rate:6.43%

IRR:13.65%