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Half Duplex with 2 Beds in Turnkey Condition Hitting the 1% Rule

17012 Mercado Dr, Katy

ROI

19.07% IRR

Strategy

Long Term Rental

Half duplex with 2 beds in turnkey condition hitting the 1% Rule. Over $100/mo in cash flow with just $40k total investment. Single story 2 bed, 1 bath half-duplex built in 1982. Turnkey condition, just needs kitchen appliances and maybe repaint one wall in the kitchen, one in the dining room, and front window trim.

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Half Duplex with 2 Beds in Turnkey Condition Hitting the 1% Rule

Listed 03/16/2023

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17012 Mercado Dr, Katy

Purchase Price:$150,000

Cash Outlay:$41,500

Cashflow:$105/mo

Cap Rate:6.65%

IRR:19.07%

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