Fully Occupied 8-Unit 1% Rule in Killeen

1407 Bundrant Dr, Killeen

ROI

17.86% IRR

Strategy

Long Term Rental

Fully occupied 8-unit 1% Rule in Killeen. Four duplexes on one parcel, all 2 bed 1 bath units. 3 minutes from Fort Cavazos. Cashflow positive from day one with significant upside. Rent rolls available upon request. Set of four occupied duplexes on a single parcel. Lease rates $500-825/mo, with two month-to-month and all long-term leases expiring before 5/31/2024. Owner-paid water, potential value-add by billing to tenants on new leases.

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Fully Occupied 8-Unit 1% Rule in Killeen

Listed 08/21/2023

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1407 Bundrant Dr, Killeen

Purchase Price:$495,000

Cash Outlay:$158,400

Cashflow:$675/mo

Cap Rate:7.94%

IRR:17.86%

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