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Duplex Hitting The 1% Rule in Houston $225k

6318 Laramie St, Humble
ROI
21.83% IRR
Strategy
Long Term Rental
Both Units are Occupied. Rental income is currently $2200 per month. Unit 1 leased at $1050 per month and unit 2 at $1150 per month. Both Leases are for 2 years with expirations in 2026. Area is C+ grade and it's cashflow positive from day 1 at the asking price. Long term leases mean very low vacancy risk! Taxes 2428.

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Duplex Hitting The 1% Rule in Houston $225k

Listed 07/08/2024

6318 Laramie St, Humble

Purchase Price:$225,000

Cash Outlay:$60,750

Cashflow:$357/mo

Cap Rate:9.78%

IRR:21.83%

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