Fully Occupied STR/MTR/LTR Quadplex $495k

410 Estelle St, Houston

ROI

16.25% IRR

Strategy

Short Term Rental

Located in the heart of East Downtown. All units occupied. Current rents total $4350 ($1050, $1300, $1300, $700). 3 units are month to month and one unit lease ends May 2025. Owner pays $500 per month toward utilities. Proximity to the medical center, Toyota center, and downtown make this a solid option for a mixed-strategy play. Mid term, short term, and long term rentals will all work. Taxes $7286.

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Fully Occupied STR/MTR/LTR Quadplex $495k

Listed 09/12/2024

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410 Estelle St, Houston

Purchase Price:$495,000

Cash Outlay:$133,650

Cashflow:$514/mo

Cap Rate:6.63%

IRR:16.25%

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