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Cashflow Duplex in Northeast Houston Occupied with M2M Tenants Below Market Rents

8106 Rhobell St, Houston
ROI
19.81% IRR
Strategy
Long Term Rental
Cashflow duplex in northeast Houston occupied with m2m tenants below market rents. True 1% Rule deal after increase. Low crime, C-grade area with ongoing infill development. 3,567 sq ft two story duplex built in 2008. 4 beds, 3.5 baths per unit. Currently occupied with month-to-month tenants for $3k/mo. Market rents are $3400-3600/mo.

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Cashflow Duplex in Northeast Houston Occupied with M2M Tenants Below Market Rents

Listed 08/15/2023

8106 Rhobell St, Houston

Purchase Price:$360,000

Cash Outlay:$97,200

Cashflow:$445/mo

Cap Rate:7.32%

IRR:19.81%

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