Houston Airbnb Quadplex Near Medical Center $825k
5114 Grantwood St, Houston
ROI
30.72% IRR
Strategy
Short Term Rental
The main house is 3 beds 2 baths. The other 3 units include a studio, a 1 bedroom, and a 2 bedroom unit. All units are currently utilized as short term rentals. We like this deal for either a househacker to live in one unit and continue to Airbnb the others OR for an investor to run an STR operation across all 4 units and execute a utilitarian short term rental strategy. The location is prime for both strategies! Note: Income assumes 65% occupancy, and ADRs of $200 for the 3 bed, $150 for the 2 bed, $100 for the 1 bed, and $75 for the studio. MTR rates on furnished finder are similar to the above as well.
