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Houston 1% Rule Turnkey Triplex – $315k

406 Randall St, Pasadena
ROI
23.48% IRR
Strategy
Long Term Rental
Located in Pasadena, a strong rental submarket within Houston. Two units are occupied at $1075 per month and the third is projected to lease at the same rate. All units are recently renovated and rent-ready, making this an excellent fit for a cash-flow-focused investor. High yield, low hassle, and located in a metro with long-term upside. Taxes $4614.

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Houston 1% Rule Turnkey Triplex – $315k

Listed 07/03/2025

406 Randall St, Pasadena

Purchase Price:$315,000

Cash Outlay:$85,050

Cashflow:$688/mo

Cap Rate:8.40%

IRR:23.48%

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