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Quadplex Exceeding The 1% Rule $385k

304 Palmwood Dr, Victoria

ROI

19.91% IRR

Strategy

Long Term Rental

3 of the 4 units are occupied. Rents are $975, $1000, $975. Leases expire 9/30/24, 1/31/25, 2/28/25. All tenants plan to renew. The last unit will lease for $975-$1000 and is rent-ready. This is a great option for investors looking for cashflow in a B grade market. Taxes $5909.

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Quadplex Exceeding The 1% Rule $385k

Listed 10/03/2024

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304 Palmwood Dr, Victoria

Purchase Price:$385,000

Cash Outlay:$103,950

Cashflow:$820/mo

Cap Rate:7.88%

IRR:19.91%

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