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Houston Built-In Equity SFR Play $245k

40828 Mostyn Hill Dr, Magnolia
ROI
12.61% IRR
Strategy
Short Term Rental
3 bed 3 bath with 2074 sqft built in 2019. Sale comps attached. Lease comps support $2175. We’re in the softest time of year for single family home sales and seeing investors get into deals for far below fair market value. FMV on this one is $275k. I think you’ll land at $240k for $35k in equity upon close. No HOA. Taxes $4545.

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Houston Built-In Equity SFR Play $245k

Listed 10/29/2024

40828 Mostyn Hill Dr, Magnolia

Purchase Price:$240,000

Cash Outlay:$64,800

Cashflow:$70/mo

Cap Rate:6.31%

IRR:12.61%

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