Cashflowing 5 Unit Complex Next to Lyndon B Johnson Hospital
5603 Pickfair St, Houston
ROI
16.19% IRR
Strategy
Long Term Rental
Cashflowing 5 unit complex next to Lyndon B Johnson hospital. True 1% Rule deal with $5250/mo in rents from two duplexes and one SFH, all 2 bedrooms. Rougher area with low-income population and low crime rate. Two duplexes with 2 beds 1 bath per unit all occupied at $1k/mo. One rebuilt 2 bed 2 bath SFH currently leased for $1250/mo. All units have new water heaters, furnaces, and rooms. Separate electric and gas, common water meter.
