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

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.

Enter your email to download the proforma

< Back to Daily Deals

Cashflowing 5-Unit Complex Next to Lyndon B Johnson Hospital

Listed 12/04/2023

5603 Pickfair St, Houston

Purchase Price:$500,000

Cash Outlay:$160,000

Cashflow:$468/mo

Cap Rate:7.43%

IRR:16.19%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Seller-Financing 5-Plex Cashflow Play in Harker Heights

306 W Valley Rd, Harker Heights

Purchase Price:$275,000

Cash Outlay:$70,500

Cashflow:$382/mo

Cap Rate:8.25%

IRR:21.23%

Long Term Rental

Cashflow 1% Rule Quadplex in Killeen

1703 Spring Rose Cir, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$426/mo

Cap Rate:7.30%

IRR:19.73%

Long Term Rental

Rare Georgetown Quadplex Next to St David’s Hospital

1200 Southwalk St, Georgetown

Purchase Price:$731,000

Cash Outlay:$247,370

Cashflow:$1,477/mo

Cap Rate:7.73%

IRR:21.38%

Mid Term Rental

Value-Add Duplex in South Austin

2211 E Stassney Ln, Austin

Purchase Price:$385,000

Cash Outlay:$128,950

Cashflow:$622/mo

Cap Rate:7.31%

IRR:20.00%

Short Term Rental

Renovated Mid-Century Pool Home in An Excellent Location

3147 Leyte St, San Antonio

Purchase Price:$339,000

Cash Outlay:$101,530

Cashflow:$937/mo

Cap Rate:8.87%

IRR:27.25%

Mid Term Rental

Fully Occupied Quadplex in NE San Antonio Built in 2007

10810 Mathom Landing, Universal City

Purchase Price:$645,000

Cash Outlay:$214,150

Cashflow:$1,847/mo

Cap Rate:8.71%

IRR:25.26%