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Cashflowing Off-Market Houston SFR $200k *great deal*

5414 Canterway Dr, Houston
ROI
18.32% IRR
Strategy
Long Term Rental
Top to bottom renovation completed. Tenant is in place through May 2025 paying $1975 per month. This property appraised for $223k in June. This is a great opportunity for a long term buy-hold investor to pick up a cashflowing asset with less than $50k out of pocket, no work needed and walk into a 10% equity position from day 1. Taxes $3490.

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Cashflowing Off-Market Houston SFR $200k *great deal*

Listed 09/09/2024

5414 Canterway Dr, Houston

Purchase Price:$300,000

Cash Outlay:$81,000

Cashflow:$245/mo

Cap Rate:6.64%

IRR:18.32%

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