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HOUSTON 1% Rule Single Family Rental $250k

30106 Turriff Cir, Magnolia
ROI
23.43% IRR
Strategy
Long Term Rental
Located in Magnolia, schools are highly rated (10,6,6) and vacancy rates very low. The home is 2940 sqft and built in 2015 with hard surfaces throughout for minimal maintenance, perfect for a long term rental investor looking for a "no headache" asset in an appreciating neighborhood with a quality tenant pool. Lease comps support $2500 per month. HOA $10. Taxes $2034.

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HOUSTON 1% Rule Single Family Rental $250k

Listed 01/09/2025

30106 Turriff Cir, Magnolia

Purchase Price:$250,000

Cash Outlay:$67,500

Cashflow:$558/mo

Cap Rate:8.51%

IRR:23.43%

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