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Galveston Short Term Rental Portfolio $430k (each)

3614 & 3618 Niko Ct, Galveston
ROI
13.22% IRR
Strategy
Short Term Rental
The biggest equity deal of the year. Each property appraised at $625K and is being sold for $430K. Only 2 units left. 2024 builds with luxury finishes throughout — think BRRRR without the rehab. Buy, refinance, and pull out your cash. STR comps suggest $47K–$67K/year in revenue per home. Even as long-term rentals, each property can lease for $3K/ month. No HOA. Taxes: ~$8,000.

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Galveston Short Term Rental Portfolio $430k (each)

Listed 04/10/2025

3614 & 3618 Niko Ct, Galveston

Purchase Price:$430,000

Cash Outlay:$116,100

Cashflow:$176/mo

Cap Rate:6.33%

IRR:13.22%

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