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

Fourplex Hitting the 1% Rule in Northern Houston

2542 Cromwell St, Houston
ROI
24.06% IRR
Strategy
Long Term Rental
Fourplex hitting the 1% rule in northern Houston. Two 4 bed units, one 2 bed, and one 1 bed. Recent price drop with motivated sellers. 2,120 sq ft quadplex built in 1940. Two 4 bed units (market rents $1400-1500/mo), one 2 bed unit (market rent $1100-1200/mo), and one 1 bed unit (market rents $800/mo)

Enter your email to download the proforma

< Back to Daily Deals

Fourplex Hitting the 1% Rule in Northern Houston

Listed 08/23/2023

2542 Cromwell St, Houston

Purchase Price:$490,000

Cash Outlay:$132,300

Cashflow:$786/mo

Cap Rate:7.76%

IRR:24.06%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Houston Off-Market Single Family Rental $320k

10503 Moon Valley Ln, Rosharon

Purchase Price:$320,000

Cash Outlay:$86,400

Cashflow:$39/mo

Cap Rate:6.30%

IRR:11.86%

Long Term Rental

Temple New Construction Duplex $365k

318 Dolphin Dr, Temple

Purchase Price:$365,000

Cash Outlay:$98,550

Cashflow:$219/mo

Cap Rate:5.12%

IRR:12.89%

Long Term Rental

Arlington Equity + Cashflow Duplex $385k

531 Norwood Cir E, Arlington

Purchase Price:$385,000

Cash Outlay:$103,950

Cashflow:$358/mo

Cap Rate:6.95%

IRR:16.25%

Long Term Rental

Killeen CASHFLOW HEAVY Quadplex Fully Occupied $400k

4707 Westcliff Rd, Killeen

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$1,106/mo

Cap Rate:9.15%

IRR:26.92%

Long Term Rental

San Antonio 1% Rule CASHCOW Quadplex $530k

6719 Brothers Ln, San Antonio

Purchase Price:$530,000

Cash Outlay:$143,100

Cashflow:$1,106/mo

Cap Rate:8.34%

IRR:22.97%

Long Term Rental

San Antonio 100% Occupied Duplex $250k

231 Gabriel St, San Antonio

Purchase Price:$250,000

Cash Outlay:$67,500

Cashflow:$346/mo

Cap Rate:7.50%

IRR:18.89%